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In this paper, it is argued that Germany has undergone a series of large-scale institutional changes during eleven years of Social Democrats in government, weakening all of its core Continental principles and effectively triggering a process of regime hybridization. Elements of these reforms...
Persistent link: https://www.econbiz.de/10014183841
This study examines the relationships between democratic politics and systematic (or country-specific) financial risk. Low financial risk is crucial to any well-functioning economy, as it encourages capital investment, facilitates growth, and enhances overall economic performance. Up until now,...
Persistent link: https://www.econbiz.de/10014218171
We study the descriptive and substantive representation of workers through worker representatives, focusing on the selection of German works council representatives and their impact on worker outcomes. Becoming a professional representative leads to substantial wage gains for the elected,...
Persistent link: https://www.econbiz.de/10014635344
We study the descriptive and substantive representation of workers through worker representatives, focusing on the selection of German works council representatives and their impact on worker outcomes. Becoming a professional representative leads to substantial wage gains for the elected,...
Persistent link: https://www.econbiz.de/10014582293
We study the descriptive and substantive representation of workers through worker representatives, focusing on the selection of German works council representatives and their impact on worker outcomes. Becoming a professional representative leads to substantial wage gains for the elected,...
Persistent link: https://www.econbiz.de/10014632397
This paper focuses on the rise of state investment banks (SIBs) as lead funders of mission-oriented innovation in various countries' agendas regarding smart (innovation-led) growth, and not just fixers of ‘market failures'. The market failure justification for public finance fails to capture...
Persistent link: https://www.econbiz.de/10012997228
Why do political constituencies delegate decision power to representative assemblies? And how is the size of such assemblies determined? We analyze these questions of constitutional design in a model with voters learning their preferred alternative only after engaging in costly information...
Persistent link: https://www.econbiz.de/10010263053
We study whether a democracy improves a measure of individual wellbeing; human heights. Drawing on individual …-level datasets, we test the hypothesis using a battery of eight different measures of democracy and derived averages, and include … models accounting for several confounders, regional and cohort fixed effects. We document that democracy - or its quality …
Persistent link: https://www.econbiz.de/10012698819