The booms and busts in U.S. stock prices over the post-war period can to a large extent be explained by fluctuations in investors' subjective capital gains expectations. Survey measures of these expectations display excessive optimism at market peaks and excessive pessimism at market throughs....

Whether observed differences in redistributive policies across countries are the result of differences in social preferences or efficiency constraints is an important question that paves the debate about the optimality of welfare regimes. To shed new light on this question, we estimate labor...

Despite numerous studies on labor supply, the size of elasticities is rarely comparable across countries. In this paper, we suggest the first large-scale international comparison of elasticities, while netting out possible differences due to methods, data selection and the period of...

Die Zeitarbeit bietet sowohl hochregulierten als auch unregulierten Arbeitsmärkten ein zusätzliches Mittel zur betriebswirtschaftlichen Anpassung der Arbeitsnachfrage. Auch eröffnet sie für Berufsanfänger und vormalig Beschäftigte einen Weg in den Arbeitsmarkt. Der vorliegende Aufsatz...