Venture capital is assumed to play an important role for the commercialization of innovative ideas and the development of high-technology industries in a region. This paper deals with the regional distribution of venture capital and its explanation. Venture-backed firms are mostly located in...

We exploit a novel survey of recently arrived asylum seekers in Germany in order to estimate the degree of intergenerational mobility in education among refugees and compare it to the educational mobility of similar-aged individuals in their region of origin. The findings show that the refugees...

The decision to contact a physician and the decision, how often to contact a physician, are based on different decision makers. We introduce a negative binominal distributed hurdle model that specifies the two stages of the decision process as different stochastic processes, and takes also care...

This paper analyzes the determinants, work-time and income effects of continuous vocational training in West-Germany on the basis of a 70% sample of the German Microcensus 1991 - a representative 1% cross-section sampIe of all German households. Several hypotheses about the influence of...

Bei der Vereinheitlichung der Lebensverhältnisse in Ost- und Westdeutschland spielen die Arbeitseinkommen eine zentrale Rolle. Nach der Übernahme des westdeutschen Tarifsystems werden auch in Ostdeutschland die Arbeitseinkommen durch Tarifverhandlungen von Arbeitnehmer- und...

In the face of complex budget constraints the assumption of rationally acting individuals having complete knowledge of the tax system is a theoretical borderline. The specific issues examined in this study are (i) to what extent do consumers (here married women) perceive their true marginal tax...

This paper addresses three major aspects of firms' process innovative activity: forward- looking behaviour, uncertainty w.r.t. returns of R&D investments, and oligopolistic competition on the product market. Assuming that R&D expenditures are cost-reducing investments, we derive an Euler...