Das Bundesverfassungsgericht hat am 17.12.2014 über die Verfassungsmäßigkeit der erbschaftsteuerlichen Regelungen zur Verschonung des Betriebsvermögens entschieden und den Gesetzgeber erneut vor eine steuerpolitische Herausforderung gestellt. Im Kern haben die Verfassungsrichter die...

Dr. Wilfried Wagner, Vorsitzender Richter beim BFH München, zeigte auf, welchen Beitrag die Finanzgerichtsbarkeit zur Fortentwicklung der Mehrwertsteuergesetzgebung leisten kann. Die Verlagerung der Steuerschuldnerschaft auf den Leistungsempfänger zur Bekämpfung des Mehrwertsteuerbetrugs...

Due to the complexity of employment protection legislation (EPL) in Germany, there is notable uncertainty about the outcomes of dismissal conflicts. In this study we focus on severance pay and inquire whether its incidence and level varies in a systematic manner with the legal rules as defined...

Due to the complexity of employment protection legislation (EPL) in Germany, there is notable uncertainty about the outcomes of dismissal conflicts. In this study we focus on severance pay and inquire whether its incidence and level varies in a systematic manner with the legal rules as defined...

This paper investigates the long-term trend and the underlying determinants of public sector centralization in Germany from 1871 until today. The institutional and the quantitative review of the German history provides no conclusive evidence for a continuous process of government centralization...

Many modern trade and growth models are characterized by multiple equilibria. In theory the analysis of multiple equilibria is possible, but in practice it is difficult to test for the presence of multiple equilibria. Based on the methodology developed by Davis and Weinstein (2004) for the case...

In the famous debate between Keynes and Ohlin on the transfer problem, the interaction between non-traded goods and unemployment complicates the analysis considerably. We analyze these issues using four different models to conclude that Keynes's concern regarding the large burden imposed on...

While risk selection within the German public health insurance system has received considerable attention, risk selection between public and private health insurers has largely been ignored. This is surprising since - given the institutional structure - risk selection between systems is likely...

This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first examine the impact of manifested risk aversion on the total number of distinct assets held in a portfolio (naive diversification). The second part of the paper focuses on a more...