Little is known on the effects of inheritances on the working behavior of heirs. Using panel data for Germany, we find behavioral responses that amount up to a 16% reduction in working hours for inheritances of one Mio Euro. For the majority of beneficiaries labor supply effects are, however,...

This paper employs data for a panel of firms from France, Italy and the UK to study the effect of the recession of the early '90s on inventory investment, controlling for cyclical fluctuations at the firm level. The results clearly show some common patterns across countries, pointing to the...

This book presents new findings on the biography of Friedrich List, one of the world’s most important and popular economists. Following List's tracks in Pennsylvania and discussing several new sources, the author, Eugen Wendler, focuses on List's life and exile in the United States between...