ZEW Discussion Papers

Überblick

Mit diesen Beiträgen, die überwiegend in Englisch verfasst sind, beteiligen sich die Forscher/innen des ZEW an wissenschaftlichen Fachdebatten. Die Publikationen enthalten vorläufige Beiträge, die zur Veröffentlichung in Fachzeitschriften vorgesehen sind. Die Discussion Papers können ab 1.1.1998 als pdf-Datei abgerufen werden. Sie richten sich an nationale und internationale Zielgruppen.

  1. ZEW Discussion Paper Nr. 20-023 // 2020

    Social Capital and the Spread of Covid-19: Insights From European Countries

    We explore the role of social capital in the spread of the recent Covid-19 pan­demic in independent analyses for Austria, Germany, Italy, the Netherlands, Swe­den, Switzerland and the UK. We exploit…

  2. ZEW Discussion Paper Nr. 20-022 // 2020

    Higher-Order Income Risk over the Business Cycle

    We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income…

  3. ZEW Discussion Paper Nr. 20-021 // 2020

    Measuring Organisation Capital at the Firm Level: A Production Function Approach

    Organisation capital is a key intangible asset, driving innovation and firm performance. Measuring this asset is notoriously difficult. This paper applies a firm-level production function approach including, in…

  4. ZEW Discussion Paper Nr. 20-020 // 2020

    The Political Economy of Negotiating International Carbon Markets

    International carbon markets are frequently propagated as an efficient instrument for reducing CO2 emissions. We argue that such markets, despite their desirable efficiency properties, might not be in the best…

  5. ZEW Discussion Paper Nr. 20-019 // 2020

    The Welfare Effects of Persuasion and Taxation: Theory and Evidence from the Field

    How much information should governments reveal to consumers if consumption choices have uninternalized consequences to society? How does an alternative tax policy compare to information disclosure? We develop a…

  6. ZEW Discussion Paper Nr. 20-018 // 2020

    R&D Investment Under Financing Constraints

    This paper tests for the sensitivity of R&D to financing constraints conditional on restrictions in external financing. Financing constraints of firms are identified by an exogenously calculated rating index.…

  7. ZEW Discussion Paper Nr. 20-017 // 2020

    On Event Studies and Distributed-Lags in Two-Way Fixed Effects Models: Identification, Equivalence, and Generalization

    We discuss important properties and pitfalls of panel-data event study designs. We derive three main results. First, binning of effect window endpoints is a practical necessity and key for identification of…

  8. ZEW Discussion Paper Nr. 20-016 // 2020

    Fiscal and Individual Rates of Return to University Education With and Without Graduation

    Based on a detailed model of the German tax-benefit system, this paper simulates private and fiscal returns to education for college graduates and college dropouts. Completing a five-year college degree is found…

  9. ZEW Discussion Paper Nr. 20-015 // 2020

    The Ratchet Effect in Social Dilemmas

    In this paper, we investigate whether dynamic incentive schemes lead to a ratchet effect in a social dilemma. We test whether subjects strategically restrict their contribution levels at the beginning of a…

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