We study the response of the German stock market index DAX to the announcement of macroeconomic business cycle forecasts. Returns are computed using high-frequency data observed for 15-second intervals. Results reveal immediate stock market reactions. Major reactions involving both returns and...

The purpose of this article is to evaluate the importance of social class, migration background and command of national languages for the PISA school performance of teenagers living in European countries (France, Finland, Germany, United Kingdom, and Sweden) and traditional countries of...

The authors study the effect of new technologies on wages and employment using a unique panel that matches data on individuals and on their firms. As in the United States, they show that computer users are better paid than nonusers (15-20 percent more). But these workers were already better...

This paper analyses the Schumpeterian link between innovative activity and firm size by means of the nonparametric Nadaraya-Watson estimator and of the partially linear approach by Speckman. Four data sets referring to the manufacturing industries of three European countries are available for...

The paper extends the framework of the EUP to cover the effects of changes in the number of working hours. Beside this, a measure for the structural imbalances not only for the labour market (structural unemployment rate at equilibrium) but also for the goods market are presented. The empirical...

The debate on the immigration policies in OECD countries has turned its attention towards illegal migrants. Given that migration flows are determined by immigration laws, the probability of potential detection, penalties for unauthorised migrants and their employers, and on income differences...

The rising trends both in drug addiction and crime rates are of major public concern in Germany. Surprisingly, the economic theory of crime seems to ignore the drugs-crime nexus, whereas the criminological literature considers illicit drug use a main reason of criminal activities. This paper...

Dieses Papier beschreibt in Grundzügen die Vorgehensweise und erste Ergebnisse einer Meta-Analyse empirischer Arbeiten zur negativen Generalpr ävention. Von vielen hundert Studien aus allen Fach- und Themengebieten wurden zufällig 200 ausgewählt und mittels einer Meta-Analyse ausgewertet....

The rising trends both in drug addiction and crime rates are of major public concern in Germany. Surprisingly, the economic theory of crime seems to ignore the drugs-crime nexus, whereas the criminological literature considers illicit drug use a main reason of criminal activities. This paper...

Kriminal-, Sozial- und Gesundheitspolitik haben die undankbare Aufgabe, bei ihren Entscheidungen zwischen zwei großen Kostenblöcken abwägen zu müssen, die einerseits in den gesellschaftlichen Kosten des Kriminalitätsrisikos durch psychisch kranke Tätergruppen, und auf der anderen Seite in...