The Klaus Liebscher Award is the highest award presented by the OeNB to young economists and is offered every year for two scientific papers on European integration issues and the Economic and Monetary Union. The award grants EUR 10,000 per paper. In his paper, Steffen Osterloh investigates the influence of regional transfers taking place under the cohesion policies of the European Union on the citizens’ approval of the EU. The author shows that the regional transfers have a positive impact on the public opinion. However, the awareness of being a beneficiary of transfers is conditional on the citizens’ education and, depending on the source of information, affects their opinion to varying degrees.