Die Studie untersucht den Zusammenhang zwischen Dollar- und Aktienkursen. Da für sehr lange Zeiträume nur schwache bivariate Zusammenhänge feststellbar sind, wird die (begrenzte) Informationsmenge der Marktteilnehmer durch abschnittsweise Teilmengen des Untersuchungszeitraums (1974 - 1995)...

The debate on the immigration policies in OECD countries has turned its attention towards illegal migrants. Given that migration flows are determined by immigration laws, the probability of potential detection, penalties for unauthorised migrants and their employers, and on income differences...

Den Nobelpreis des Jahres 2000 in den Wirtschaftswissenschaften teilen sich James J. Heckman 'für die Entwicklung von Theorien und Methoden zur Analyse selektiver Stichproben' und Daniel McFadden 'für die Entwicklung von Theorien und Methoden zur Analyse diskreter Auswahlentscheidungen'. Die...

The paper intends to contribute to a better understanding of the interactions between criminality, economic performance and social cohesion. We try to achieve this aim by evaluating the existing economic and criminological research and by carrying out own empirical investigation on the basis of...

Diese Arbeit analysiert das Problem des Mismatch zwischen Arbeitsnachfrage und Arbeitsangebot und diskutiert wirtschaftschaftspolitische Lösungsansätze. Das Thema ist für den deutschen Arbeitsmarkt von hoher Relevanz, denn in Deutschland gibt es trotz 4.1 Millionen arbeitsloser...

In this paper, we try to shed some light on the association between the stock returns of German DAX corporations and movements of the U.S. Dollar. The link turns out to be rather unstable, but it depends significantly on direction and magnitude of foreign trade, and on the existing level of the...

Offenders are more likely than non-offenders to be victims, and victims are more likely than non-victims to be offenders. The overlap between offenders and victims is not well understood in criminology, and in the economics of crime the stylized empirical fact is even widely ignored. The paper...

The rising trends both in drug addiction and crime rates are of major public concern in Germany. Surprisingly, the economic theory of crime seems to ignore the drugs-crime nexus, whereas the criminological literature considers illicit drug use a main reason of criminal activities. This paper...

The study investigates whether and how strong prison conditions contribute to the perceived propensity to recidivate after controlling for personal characteristics and criminal background. In order to combine different sources of information on personal characteristics of prison inmates and...

In this article, we examine anti-foreigner hate crime in the wake of the large influx of asylum seekers to Germany in 2014 and 2015. By exploiting the quasi-experimental assignment of asylum seekers to German regions, we estimate the causal effect of an unexpected and sudden change in the share...