This study investigates the distribution of returns to investments in cognitive and self-regulatory skills over the life cycle. In our simulation model, the distribution of returns to education results from the…
The paper highlights selected aspects of intra- and intergenerational earnings inequality in the German education and federal pension system, based on human capital theory. We develop a model of human capital…
Der ZEW-IDI, Stimmungsindikator für den Wirtschaftszweig Dienstleister der Informationsgesellschaft, fällt im dritten Quartal 2008 auf 52,3 Punkte. Das ist der niedrigste…
Literature has identified formal and informal channels in university technology transfer. While formal technology transfer typically involves a legal contract on a patent or on collaborative research…
This paper investigates the drivers and the effects of the internationalisation of innovation activities in SMEs based on a large data set of German firms. We look at different stages of the innovation process…
We develop a simple model of competition for the market that shows that, contrary to the Arrow view, endogenous entry threat in a market induces the average firm to invest less in R&D and the incumbent leader to…
Institutional early childhood education and care can be funded and delivered in various ways relying on both the public and the private sector. The provision of childcare ranges from public operation to mixed…
One of the most conspicuous features of mergers is that they come in waves that are correlated with increases in share prices and price/earnings ratios. We use a natural way to discriminate between pure stock…
