The idea of an industrial policy that promotes large businesses - heavyweights - as the best way to compete in a globalized world has become, again, en vogue among European politicians. The only apparent controversy about the idea revolves around whether it is better to promote national...

Business climate indicators are used to receive early signals for turning points in the general business cycle. Therefore methods for the detection of turning points in time series are required. Estimations of slopes of a smooth component in the data can be calculated with local polynomial...

Workers wrongly anchor their beliefs about outside options on their current wage. In particular, low-paid workers underestimate wages elsewhere. We document this anchoring bias by eliciting workers’ beliefs in a representative survey in Germany and comparing them to measures of actual outside...

We measure individual bias in labor market expectations in German survey data and find that workers on average significantly overestimate their individual probabilities to separate from their job when employed as well to find a job when unemployed. These biases vary significantly between...

Nach der Drei-Sektoren-Hypothese gewinnt der Dienstleistungssektor gegenüber dem primären und sekundären Sektor immer mehr an Bedeutung. Die Rolle des sekundären Sektors ist jedoch nicht zu vernachlässigen, weil die Industrieunternehmen mit unternehmensorientierten Dienstleistern immer...

Die Auswirkungen der Pandemie sind in allen Wirtschaftsbereichen spürbar. Ein Bereich, der am stärksten durch Schließungen, Einschränkungen und ein verändertes Verbraucher:innenverhalten betroffen war und bleibt, ist der innerstädtische Einzelhandel. Tatsächlich wird an der...