The Savings Directive has been celebrated as a major political break-through in coordinating taxation in Europe. Against this background, the present paper evaluates the real-world effects of this directive. The directive has left a loophole by providing grandfathering (exemption from...

We are interested in the effect of capital income taxes upon security prices when investors face locally segmented stock markets and a global bond market. Therefore, we analyze an equilibrium model of an economy with binomial uncertainty, an exogenous risk-free interest rate and a representative...

In der Diskussion um die berufliche Gleichstellung der Geschlechter spielt die bedingte Chancengleichheit eine wichtige Rolle. Bei gleichen Ausgangsbedingungen sollten Frauen wie Männern die gleichen Karrieremöglichkeiten offen stehen. Die Analyse der Karrieren von 43 Absolventinnen und 51...