We analyze how economic conditions at the time of arrival affect the economic integration of family-sponsored migrants in the U.S. Our identification strategy exploits long waiting times for family-sponsored immigration visas that decouple the migration decision from economic conditions at the...

We analyze the impact of economic conditions at arrival on the economic integration of family-sponsored migrants in the U.S. A one pp higher unemployment rate at arrival decreases annual wage income by four percent in the short run and two percent in the longer run. The loss in wage income...

Combining a theoretical model of imperfect information with empirical evidence, we show how the effect of providing price information to consumers depends on how well informed they are beforehand. Theoretically, an increase in consumer information decreases prices more, the fewer ex ante...

We study the impact of immigrant legalization on fiscal transfers from state to local governments in the United States, exploiting variation in legal status from the 1986 Immigration Reform and Control Act (IRCA). State governments allocate more resources to IRCA counties, an allocation that is...

In this paper, we empirically document a link between tax changes and financial market conditions. Using the Romer and Romer (2010) narrative record of exogenous federal tax liability changes for the US, we show that an increase in taxes leads to higher risk premia for corporate bonds issued by...

Bei Public Private Partnerships (PPP) spielt der Wirtschaftlichkeitsvergleich eine entscheidendeRolle. Er dient zur Ermittlung von Effizienzvorteilen und Einsparungen einerRealisierungsvariante (öffentlicher Eigenbau oder privatwirtschaftlich) und als Argumentationsgrundlagesowie Rechtfertigung...

In their quest to become highly efficient and professional asset managers in maintaining their roadnetworks and delivering a programme of network improvements some road administrations haveundergone significant changes in the way they operate in order to become more efficient and provide amore...

Bei Public Private Partnerships (PPP) spielt der Wirtschaftlichkeitsvergleich eine entscheidendeRolle. Er dient zur Ermittlung von Effizienzvorteilen und Einsparungen einerRealisierungsvariante (öffentlicher Eigenbau oder privatwirtschaftlich) und als Argumentationsgrundlagesowie Rechtfertigung...

Aufgrund der PPP-Initiative der nordrhein-westfälischen Landesregierung wurden im Jahr2002 vom Finanzministerium die Kommunen Erftkreis, Monheim, Witten und Meschede alsPilotkommunen für PPP-Realisierungen mit Betreiberkomponente ausgewählt. Diese PPPKonzeptebeinhalten den Bau bzw. die...