This paper investigates the roles psychological biases play in deviations between subjective survival beliefs (SSBs) and objective survival probabilities (OSPs). We model deviations between SSBs and OSPs through…

We characterize the optimal linear tax on capital in an Overlapping Generations model with two period lived households facing uninsurable idiosyncratic labor income risk. The Ramsey government internalizes the…

On 22 December 2017 President Trump signed the Tax Cuts and Jobs Act. This corporate tax reform can be considered the most significant amendment of the US corporate tax code since 1986. Besides the reduction of…

• Economic Outlook for China Declines Further
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We investigate whether the returns to mobile information and communication technology (ICT) in the workplace are contingent on granting employees autonomy over the structure of their workday through trust-based…

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Diesel technology and the harm that its use causes in the form of local and global pollutant emissions have long been in the focus of environmental policy debates. Even the option of imposing driving bans on…

Germany’s stable economic growth of the past years has led to a budget surplus, which the newly-formed Grand Coalition now plans to use, for instance, to reduce the burden on broad levels of the population.…