This paper analyzes whether political outcomes in local democracies are determinedby the preferences of the median -typically poor- agents or whether they reflect thewishes of the wealthy elites. A model shows that when politicians belonging to differentgroups can form coalitions, the wealthy...

Demographic crisis and imprudent commitments have induced a crisis in publicpension programmes in OECD countries. Will present and prospective cutbacks leadto greater private saving, either in the form of private pension provision or in otherforms of saving? The paper surveys existing evidence,...

Virtual assignments are characterized by the spatial separation of private and business life.The virtual delegate lives and interacts in one culture, yet he or she works together mainlywith people from another culture. While the virtual assignee is physically located in theheadquarters, from an...

This paper provides an analysis of individual and social decision criteria foralternatives that are composed of several attributes. We derive additive and multiplicativecriteria for individual decision-making with new axioms and apply these criteria toobtain new justications of known social...

This research report from the Milken Institute ranks U.S. metropolitan areas that are recording the top economic performance and creating the most jobs in the nation. The index is an outcomes-based measure as opposed to one that incorporates explicit measures of business costs, cost-of-living...

A unique data set on home use of computers and the Internet is used to investigate the tradeoffsbetween physically commuting to a work site and telecommuting from home via computers. Thestudy further investigates whether individuals who work from home receive greatercompensation relative to...

Conventional R&D-based growth theory suggests that productivitygrowth is positively correlated with population size or population growth,an implication which is hard to see in the data. Here we integrate R&D-basedgrowth into a unied growth setup with micro-founded fertility and...

• Grundlagen für die Persönlichkeitsentwicklungund für das Lernen werden in den erstenLebensjahren gelegt.• Umwelteinflüsse versus genetische Faktoren• Unterschiedliche Auffassungen über diemögliche Reichweite späterer Förderung – aber:je früher, desto effizienter!...