Historical events are reflected in asset prices. In this paper, we analyse government bond prices of Germany and Austria traded on the Swiss bourse during WWII. Some war events that are generally considered crucial are clearly reflected in government bond prices. This holds, in particular, for...

Voter turnout has declined in many industrialized countries, raising the question of whether electoral institutions increase voter turnout. We exploit an electoral reform in the Austrian state of Burgenland as a natural experiment to identify the causal effect of opening hours of polling...