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Bachmann, Ruediger; Elstner, Steffen - CESifo - 2013

Are firms’ expectations systematically too optimistic or too pessimistic? Does it matter? We use micro data from the West German manufacturing subset of the IFO Business Climate Survey to infer quarterly production changes at the firm level and combine them with production expectations over a...

Persistent link: https://www.econbiz.de/10010643336

Behavioral Biases and Long Term Care Annuities: A Political Economy Approach

Donder, Philippe De; Leroux, Marie-Louise - CESifo - 2012

biases: myopia, optimism and sophisticated procrastination. Optimists and myopics similarly under-estimate their own …

Persistent link: https://www.econbiz.de/10010693465

The Crisis and Regional Resilience in Europe: On the Importance of Urbanization and Specialization

Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van - CESifo - 2014

Using a rich data set on the EU regions, we analyze the relevance of two possible determinants of a region’s resilience … that started in 2008, as our shock and then analyze how the NUTS II EU regions differ in their resilience to the crisis in … their resilience to shocks but it typically remains unclear as to why regions differ in this respect. For the 2008- 2012 …

Persistent link: https://www.econbiz.de/10010756164

Fiscal Federalism, Decentralization and Economic Growth: Survey and Meta-Analysis

Baskaran, Thushyanthan; Feld, Lars P.; Schnellenbach, Jan - CESifo - 2014

The theoretical literature on the economics of fiscal federalism has identified several potential effects of government decentralization on economic growth. Much of the traditional literature focuses on the efficiency aspects of a decentralized provision of public services. However,...

Persistent link: https://www.econbiz.de/10010948879

How Productive is Public Capital? A Meta-Analysis

Bom, Pedro R. D.; Ligthart, Jenny - CESifo - 2008

The paper analyzes the contribution of public capital to private output using several meta-analytical techniques. Both fixed and random effects models are estimated by Weighted Least Squares. Sample overlap across studies is explicitly controlled for by employing a ‘full’ Generalized Least...

Persistent link: https://www.econbiz.de/10005765937

Active Labor Market Policy Evaluations: A Meta-analysis

Card, David; Kluve, Jochen; Weber, Andrea - CESifo - 2009

This paper presents a meta-analysis of recent microeconometric evaluations of active labor market policies. Our sample consists of 199 program estimates drawn from 97 studies conducted between 1995 and 2007. In about one-half of these cases we have both a short-term impact estimate (for a...

Persistent link: https://www.econbiz.de/10005051502

What Explains the Variation in Estimates of Labour Supply Elasticities?

Evers, Michiel; Mooij, Ruud A. De; Vuuren, Daniel J. Van - CESifo - 2005

This paper performs a meta-analysis of empirical estimates of uncompensated labour supply elasticities. We find that much of the variation in elasticities can be explained by the variation in gender, participation rates, and country fixed effects. Country differences appear to be small though....

Persistent link: https://www.econbiz.de/10005405958

Capital Structure Choice and Company Taxation: A Meta-Study

Feld, Lars P.; Heckemeyer, Jost Henrich; Overesch, Michael - CESifo - 2011

This paper provides a quantitative review of the empirical literature on the tax impact on corporate debt financing. Synthesizing the evidence from 46 previous studies, we find that this impact is substantial. In particular, the tax rate proxy determines the outcome of primary analyses. Measures...

Persistent link: https://www.econbiz.de/10008914267