This paper assesses the causes and costs of the Russian banking crisis, the lending behavior of Russian banks, and it evaluates the authorities' response to the crisis. There appears to be evidence for conservative lending behavior on the part of Russian banks. The paper also searches for ways...

Exploiting Tangshan 1976 - the deadliest earthquake in the 20th century - as a source of exogenous variation, we estimate the long-run effect of a historical shock on contemporary socio-economic outcomes. Cohorts born after the earthquake were not only larger, but exhibit lower school completion...

Die Debatte um Arbeitszeiten und deren Regulierung wird in der deutschen Öffentlichkeiterneut geführt. Empirische Grundlage sind dabei häufig Studien auf Basis des Mikrozensusoder des Sozio-oekonomischen Panels (SOEP), die teilweise erhebliche Unterschiede in ihrenErgebnissen aufweisen...

This paper assesses the validity of the perception-based governance indicators used by the US Millennium Challenge Account (MCA) for aid allocation decisions. By conducting Explanatory and Confirmatory Factor Analysis of data from 1996 to 2009, we find that although the MCA purports to measure...

Using a wide variety of business cycle dating and filtering techniques, this paper documents the cyclical behavior of the post-tax income distribution in the US. First, all incomes are cyclical and co-move with the business cycle. Second, lower and higher income individuals experience...

Much analysis in macroeconomics empirically addresses economy-wide incentives behind consumer/investment choices by using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize attempts to back up the representative consumer...

Initiiert von einer lebhaften öffentlichen und wissenschaftlichen Debatte um die Eignung des Bruttoinlandsprodukts als Indikator für materiellen Wohlstand sind zahlreiche alternative Maße zur Wohlstands- und Wohlfahrtsmessung entwickelt worden. Fällt dabei die Wahl auf einen Indikatorensatz,...

Theoretical work based on social identity theory and in-group favoritism predicts that increased population diversity (e.g., due to immigration) reduces support for redistributive public policies. In this article, we add to the empirical literature testing this prediction in three ways. First,...

This article analyses how the presence of a dominant group of voters within the electorate affects voter turnout. Theoretically, we argue that both the absolute size and the relative power of a dominant group influence voters' decision-making process. The former effect derives from increased...

Die "Erzbergerschen Steuer- und Finanzreformen" 1919/20 haben das deutsche Steuer- und Finanzsystem nahezu vollständig umgestaltet, modernisiert und stark ausgebaut. Wesentliche Elemente dieser Reformen haben bis heute Bestand - die Grundstrukturen des Steuersystems und der Steuerrechtsordnung...