In diesem Band geht es um die gegenwärtige Situation des Wohlfahrtsstaates in offenen Weltmärkten. Die These lautet: Erst der massive Ausbau des Wohlfahrtsstaates hat die Regierungen der westlichen Länder in die Lage versetzt, sich unkontrollierbaren äußeren Risiken zu öffnen, etwa den...

We study the effects of overlapping identities on wage gaps, focusing on the intersectional effects of gender and race in the US. The extant theoretical and empirical literature argues that this overlap should cause intersectional discrimination, i.e., multiply marginalised groups suffer from a...

Higher order beliefs - beliefs about others' beliefs - may be important for trading behaviour and asset prices, but have received little systematic empirical examination. We study more than twenty years of evidence from the Robert Shiller Investor Confidence surveys, which directly elicit...