This paper deals with the effect of (i) damage experience from extreme weather events and (ii) expectations concerning future climate change on subjective well-being (SWB). We use data of a large representative survey amongst German households. The effect of experienced weather events on SWB of...

Individual risk preference may change after experiencing external socio-economic or natural shocks. Theoretical predictions and empirical studies suggest that risk taking may increase or decrease after experiencing shocks. So far the empirical evidence is sparse, especially when it comes to...

This paper studies coalition formation under asymmetric information. An outside party offers private payments in order to influence the collective decision over an unpopular reform. The willingness to accept such payments is private information. The paper demonstrates that a supermajority...

Does stiffer electoral competition reduce political rent-seeking behavior? For a microanalysis of this question, I construct a new data set spanning the years 2005 to 2012 covering biographical and political information of German members of parliament (MPs) and including attendance rates in...

Millions of refugees made their way to Europe between 2014 and 2015, with over one million arriving in Germany alone. Yet, little is known about the impact of this inflow on labor markets, crime, and voting behavior. This article uses administrative data on refugee allocation and provides an...