It is a well-known fact that the level of parents' education is strongly correlated with the educational achievement of their children. This effect is more robust than that of any school or institutional…
In this paper I test the prediction that the reference standard for income comparisons increases in a person's productive ability, which is proxied for by education. The prediction is derived from a model by…
There is a large literature on the costs and benefits of immigration within a given system of social security. More recently, economists have begun to address a related question: does immigration and, more…
Germany still has a generous pay-as-you-go public pension insurance with high effective replacement rates and low effective retirement ages. Nevertheless, through a long reform process that began in 1992, the…
The EU Emissions Trading Scheme (EU ETS) is the first large-scale multi-national greenhouse gas (GHG) trading program and a central instrument of European climate policy. The EU ETS market is still young, but…
The harmonisation of company taxation within the European Union is on the European Commission's agenda since a long time. An equal company tax burden across all EU member states would guarantee efficiency in…
