We investigate how changes in firm productivity after M&As are affected by differences in profit taxation between the target and the acquirer. We argue that tax differentials distort the efficient allocation of…
This paper studies effects of the introduction of a new digital mass medium on reemployment of unemployed job seekers. We combine data on broadband internet availability at the local level with German individual…
Does the politico-economic system affect preferences for immigration? In this study, I show that individuals exposed to life under state socialism have formed and persistently hold different attitudes toward…
Flood risk may differ across income levels. In this paper, I employ unique survey data from more than 8,000 households in Germany to derive an integrated flood risk indicator that accounts for local flood…
Marcel Mauss wrote in 1923 in his essay The Gift that he had "found one of the rocks on which our societies rest" in the motifs of the exchange of gifts. This thesis still raises questions today: How does…
