CORTAX is a macroeconomic model that focuses on corporate taxation and is used extensively for European Commission policy assessments. As a macroeconomic model, it simulates variables such as GDP, investment and employment, while being especially notable for its focus on corporate income...

This study was prepared by Nadine Fabritz while she was working at the Ifo Institute for Economic Research in the Department for Human Capital and Innovation. It was completed in June 2014 and accepted as a doctoral thesis by the Department of Economics at the University of Munich in October...

A model is considered in which optimal search intensity is a result of a trade off between short run losses due to higher search costs (more interviews, commuting...) and long-run gains due to a higher chance of finding a job. We show that this optimal search intensity is higher in areas...

This paper investigates the impact of individual heterogeneity and regional influences on unemployment duration utilising cross-section microeconomic data drawn from a representative random survey of individual job seekers for the English County of Kent. These individual-level data are unique in...

This paper investigates the impact of individual heterogeneity and regional influences on unemployment duration utilising cross-section microeconomic data drawn from a representative random survey of individual job seekers for the English County of Kent. These individual-level data are unique in...

We use a novel identification strategy to investigate whether regional universities make their local economies more resilient to adverse economic shocks. Our strategy is based on state governments assigning normal schools (to train teachers) and insane asylums to counties between 1830 and 1930....

The paper examines specific features of structural change in the UK since 1997, contrasting the decline in industrial jobs with the rise in a variety of service jobs. It examines the proximate causes of structural change, in particular whether the chronically slow growth of manufacturing output...

The growth of Airbnb is likely to affect the local housing rental market by reducing the supply of properties. I combine data from Airbnb and Zoopla and examine how the price of individual houses evolves over time, as Airbnb penetrates the market in the area of Greater London. Leveraging the...

This paper uses an own built dataset on the history of universities in Italy during 1861-2010 to estimate neighbourhood effects in the local supply of higher education, and incorporate them in a welfare analysis. We implement an instrumental variables approach that exploits initial conditions in...