Previous empirical studies of job creation schemes in Germany have shown that the average e®ects for the participating individuals are negative. However, we find that this is not true for all strata of the…
In many situations the applied researcher wants to combine different data sources without knowing the exact link and merging rule. This paper introduces a theoretical framework how two different regional…
Impure public goods represent an important group of goods. Almost every public good exerts not only effects which are public to all but also effects which are private to the producer of this good. What is…
Student performance of Germans and immigrants differed greatly in the 2000 PISA study. This paper analyses why the two groups of students performed so differently by estimating educational production…
This paper presents evidence on the development of educational attainment and its returns on the labor market in Germany in the time period 1985-2002. Returns to education are estimated using Mincer equations.…
Some countries are earlier than others in the development and introduction of environmental innovations. Often, the leadership in technological development is accompanied by a leadership in environmental policy.…
This paper discusses the pricing of GDP-linked financial products. GDPlinked bonds for instance are bonds which pay a coupon tied to the changes of GDP (Gross Domestic Product): if economic growth is low, the…
