1. ZEW Discussion Paper No. 14-082 // 2014

    The Generalized Roy Model and the Cost-Benefit Analysis of Social Programs

    The literature on treatment effects focuses on gross benefits from program participation. We extend this literature by developing conditions under which it is possible to identify parameters measuring the cost…

  2. ZEW Discussion Paper No. 14-081 // 2014

    Estimation of Dynamic Discrete Choice Models by Maximum Likelihood and the Simulated Method of Moments

    We compare the performance of maximum likelihood (ML) and simulated method of moments (SMM) estimation for dynamic discrete choice models. We construct and estimate a simplified dynamic structural model of…

  3. Expertises // 2014

    The efficiency of EU public Administration in helping firms grow

    The quality of the public administration is an important driver of EU competitiveness and influences firms' growth prospects through a number of channels. During their lifetime, firms interact with public…

  4. ZEW-Finanzmarktreport // 2014

    November 2014

    • fmoWeitere Abkühlung der Konjunktur erwartet
    • EZB: Inflationserwartungen gehen zurück
    • USA: Lageeinschätzung gibt auf hohem Niveau leicht nach
    • Japan: Lage- und Erwartungseinschätzung weitgehend unverändert
    • Großbritann…
  5. ZEW Discussion Paper No. 14-080 // 2014

    Youth Unemployment in the OECD: The Role of Institutions

    This paper analyzes the role of labor market institutions for youth unemployment, as contrasted to total unemployment. The empirical results are basically consistent with an insider view of labor market…

  6. Financial Market Report Switzerland // 2014

    November 2014

    • Gloomy Economic Outlook for Switzerland
    • Inflation Expectations Recede Again
    • Interest-Rate Expectations Reflect the Economic Outlook
    • US Dollar Expected to Appreciate
    • Stock-Market Expectations Dialed Back
    • Export…
  7. ZEW Discussion Paper No. 14-079 // 2014

    Housing and Health

    Deprived housing conditions have long been recognized as a source of poor health. Nevertheless, there is scant empirical evidence of a causal relationship between housing and health. The literature identifies…

  8. ZEWnews English edition // 2014

    09/10 - 2014

  9. Expertises // 2014

    Cost of Non-Europe report - Common unemployment insurance scheme for the euro area

    The Great Recession and the resulting European debt crisis revived a debate about deeper fiscal integration in the Eurozone. We discuss different alternatives how an unemployment insurance system for the euro…