1. ZEW Discussion Paper Nr. 14-128 // 2014

    Peer Effects in Collaborative Content Generation: The Evidence from German Wikipedia

    On Wikipedia, the largest online encyclopedia, editors who contribute to the same articles and exchange comments on articles’ talk pages work in collaborative manner engaging in communication about their work.…

  2. ZEW Discussion Paper Nr. 14-127 // 2014

    The Identification of Directed Technical Change Revisited

    Technical change that augments capital and labor input in a non-neutral way plays an important role in explaining the relation between growth and other macroeconomic outcomes. Previous research has shown that…

  3. ZEW Discussion Paper Nr. 14-126 // 2014

    Haircut Size, Haircut Type and the Probability of Serial Sovereign Debt Restructurings

    This paper complements the empirical literature on sovereign debt restructurings by analyzing potential determinants of (near-term) follow-up restructurings after a restructuring has taken place. The probability…

  4. ZEW Discussion Paper Nr. 14-125 // 2014

    The Sorting of Female Careers After First Birth: A Competing Risks Analysis of Maternity Leave Duration

    A number of contributions have found evidence for motherhood being a critical life event for women's employment careers. This study presents a detailed model for the duration of maternity leave in which young…

  5. ZEW Discussion Paper Nr. 14-124 // 2014

    Multidimensional Affluence in Income and Wealth in the Eurozone - A Cross Country Comparison Using the HFCS

    This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries. We start our analysis by examining the income and wealth distributions separately for each…

  6. ZEW Discussion Paper Nr. 14-123 // 2014

    What Drives the Demand of Monetary Financial Institutions for Domestic Government Bonds? - Empirical Evidence on the Impact of Basel II and Basel III

    This paper examines the treatment of sovereign debt exposure within the Basel framework and measures the impact of bank regulation on the demand of Monetary Financial Institutions (MFI) for marketable sovereign…

  7. ZEW Discussion Paper Nr. 14-122 // 2014

    Real-Time Macro Monitoring and Fiscal Policy

    This paper considers the effects of inaccurate real-time output data on fiscal policy, both with respect to budgetary planning and fiscal surveillance. As newer and better information becomes available, output…

  8. ZEW Discussion Paper Nr. 14-121 // 2014

    On the Effects of Unilateral Environmental Policy on Offshoring in Multi-Stage Production Processes

    In the last decades supply chains emerged that stretch across many countries. This has been explained with decreasing trade and communication costs. We extend the literature by analyzing if and how unilateral…