Economic theory suggests that financing constraints may occur due to capital market imperfections. These particularly affect investments in innovation projects as such projects are typically characterized by a…

The new growth theory considers knowledge to be a decisive engine of economic growth. More precisely, knowledge is not used solely to the benefit of its originator, but generates positive side effects also for…

The law on labour market reforms has severely limited the maximum benefit period for the elderly; with cuts of up to 14 months, depending on the age group. Our paper examines this natural experiment and shows…

This report quantifies the micro-economic effects of introducing a child care benefit ("Betreuungsgeld") for children less than three years old in Germany on both the parental labour supply and child care…

Weitgehend stabile Preise im kommenden halben Jahr

Ein erheblicher Teil der deutschen Transportwirtschaft scheint die Talsohle des konjunkturell bedingten Einbruchs der Transportmengen hinter sich zu haben. Die…

The broad literature focussing on the effects of globalization and strategic interactions on corporate tax competition has widely neglected an impact of political factors. In this paper, we analyse the effects…

This paper asks whether the gap in subjective happiness between spouses matters per se, i.e. whether it predicts divorce. We use three panel databases to explore this question. Controlling for the level of life…

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