We shed new light on the relative importance that schools’ ability to produce high achievers in math has for economic growth. Drawing on data from the International Mathematical Olympiad (IMO), the world championship in mathematics for high school students, we construct a measure for a...

New policy approaches to facilitate the co-existence of wildlife and livestock are needed for situations where predation incidents greatly impact households’ income and retaliatory killing threatens endangered carnivore species’ survival. In this paper, models are developed to assess how two...

Even though some countries track students into differing-ability schools by age 10, others keep their entire secondary-school system comprehensive. To estimate the effects of such institutional differences in the face of country heterogeneity, we employ an international...

Purpose - The purpose of this paper is to examine the commonly used policy approach to subsidize the private provision of public goods by granting agents deductions with respect to their income or corporate tax burden. Design/methodology/approach - In the framework of a microeconomic...

We provide evidence on the fit of the hybrid New Keynesian Phillips curve for selected Euro zone countries, the US and the UK. Instead of imposing rational expectations and estimating the Phillips curve by the Generalized Method of Moments, we use direct measures of inflation expectations from...

The Spanish economy is currently plagued by a deep recession with very high unemployment. We ask how much of the unemployment increase in Spain can be traced back to the debt deleveraging needs of Spanish households. We use provincial household debt and sectoral unemployment data and follow Mian...

Das Finanzierungssaldo des Landes Berlin ist bereits seit elf Jahren durchgehend negativ. Um die Finanzierungsprobleme zu lösen, hat der Berliner Senat kürzlich einen Finanzplan mit erheblichen Einsparungen bis zum Jahr 2009 vorgelegt. Reichen diese Maßnahmen aus, die Haushaltslage zu...

This study presents results of the validation of an ultra-short survey measure of patience included in the German Socio-Economic Panel (SOEP). Survey responses predict intertemporal choice behavior in incentive-compatible decisions in a representative sample of the German adult population.