This paper studies the effects of local threat on cultural and economic assimilation of refugees, exploiting plausibly exogenous variation in their allocation across German regions between 2013 and 2016. We combine novel survey data on cultural preferences and economic outcomes of refugees with...

Although parents in almost all rich democracies are entitled to some form of paid parenting leave, fathers in particular often do not take all the leave available to them. As employers play an important role in the implementation of parenting leave policies, this article investigates what...

This paper establishes a parallel between Max Weber's bureaucratic and traditional forms of domination, on the one hand, and the distinction between Western and Japanese management, on the other. Just as bureaucracy, so Western management theory and practice have been fundamentally guided by...

One strategy for promoting female leaders in STEM professions is to appoint more women to the committees that select leaders. Unfortunately, evidence from other settings, such as committees for selecting judges or professors, suggests this approach does not work. We use a natural experiment to...

We develop a macroeconomic portfolio stress test that is specifically geared towards small and medium-sized banks. We combine a credit risk stress test which simulates credit impairments via a CreditMetrics type multi-factor portfolio model with an income stress test in the form of dynamic panel...

We analyze the relationship between managerial ownership and company performance, testing the incentive and entrenchment hypothesis. Differently from previous literature, we focus on small and medium-sized private enterprises which constitute an important part of the German economy. We use a...