outcomes. The UK, Sweden, Canada and the US obtain the highest management scores closely followed by Germany, with a gap to …

decline in the replacement rate for long-term unemployed. We find that Hartz IV was a major driver for the decline of Germany …

educated (high earning) and low educated (low earning) women, I exploit a major maternity leave benefit reform in Germany that …

quality, follow-on innovation. Winning a first patent boosts a startup's subsequent growth and innovation by facilitating …

This paper studies how hedge fund activism reshapes corporate innovation. Firms targeted by hedge fund activists … experience an improvement in innovation efficiency during the five-year period following the intervention. Despite a tightening … in R&D expenditures, target firms experience increases in innovation output, measured by both patent counts and citations …

This paper estimates the effect of trade policy during the Great Liberalization of the 1990s on innovation in over 60 … enables us to establish the causal impact of trade policy on innovation. Our results suggest that trade liberalization has … economically significant effects on innovation and, ultimately, on technical change and growth. According to our estimates, about 7 …