I investigate how government ideology and globalization are associated with top income shares in 16 OECD countries over the period 1970 to 2010. I use the new World Top Incomes Database. Globalization is measured by the KOF index of globalization. The results show that the top 1% income share...

Deutschland wurde bereits zweimal, 1966-1969 und 2005-2009, von einer großen Koalition regiert. Deskriptive Zeitreihenanalysen wirtschaftspolitischer Kennzahlen zeigen nicht auf, dass es unter diesen großen Koalitionen signifikante Kurswechsel in der Wirtschaftspolitik gab. Qualitative...

I investigate how political uncertainty influences corporate investment decisions employing a unique panel dataset of German manufacturing firms. I use data on firms' self-reported investment realizations, plans and revisions. The firm-specific user cost of capital captures the current...

Using microdata that serve as the foundation of the ifo Business Climate Index, Germany's leading business cycle indicator, I examine whether political uncertainty influences how firm owners perceive their present state and future development of business. I use state election months as...

We investigate a case of political favoritism. Some members of the Bavarian parliament hired relatives as office employees who were paid using taxpayers' money. The family scandal was a hot issue in the German media because of the upcoming state and federal elections. We examine whether being...

Using an unbalanced panel of 27 OECD countries over the period 1970-2011, I examine whether electoral motives influenced creative accounting. Governments engage in "below-the-line" operations, such as transactions in financial assets, that do not show up in the deficit figures but give rise to...

We examine whether voters rewarded conservative politicians who were voting in favor of same-sex marriage. Data is based on a roll-call vote in the German national parliament (Bundestag) in June 2017. This roll-call vote drastically influenced the public discourse about the social political...

Principal-agent problems can arise when preferences of voters are not aligned with preferences of political representatives. Often the consequence of the political principalagent problem is political catering to special interests. In this paper I provide examples of principal-agent problems...

I empirically examine whether autocratic governments use decoy voting in the United Nations General Assembly to hide repressive behavior of their regimes. Previous research has identified the State of Israel as a unique decoy. My sample includes votes on all 4,878 contested resolutions involving...

I investigate how the third wave of democracy influenced national defense spending by using a panel of 110 countries for the period 1972-2013. I use new SIPRI data on military expenditure, which has been extended to years prior to 1988 and four democracy measures to address differences among...