COVID-19 placed a special role on fiscal policy in rescuing companies short of liquidity from insolvency. In the first months of the crisis, SMEs as the backbone of Germany’s economy benefited from large and…
The shock on human capital caused by COVID-19 is likely to have long lasting consequences, especially for children of low-educated families. Applying a counterfactual exercise we project the effects of school…
Marcel Mauss wrote in 1924 that he had found in the motifs of the "archaic" gift exchange of pre-modern societies "one of the rocks on which our societies rest" (Mauss, 1990, p.19). Gift practices persist in…
