We study a matching model with heterogenous agents, nontransferable utility and search frictions. Agents differ along a continuous horizontal dimension (e.g. taste) and a discrete vertical dimension, e.g. income. All individuals prefer the highest type along the vertical trait, but have...

There is by now a lot of evidence showing a sharp increase in cross-sectional wage and earnings inequality during the 2000s in Germany. Our study is the first to decompose this cross-sectional variance into its permanent and transitory parts for years beyond 2000. Using data from the German...

There is by now a vast number of studies which document a sharp increase in cross-sectional wage inequality during the 2000s. It is often assumed that this inequality is of a permanent nature which in turn is used as an argument calling for government intervention. We examine these claims using...

We study the role of face-to-face interaction for gender differences in deceptive behavior and perceived honesty. In the first part, we compare women's to men's deceptive behavior using data from an incentivized income reporting experiment in which lies can be detected in the course of an audit....

We study the role of face-to-face interaction for gender differences in deceptive behavior and perceived honesty. In the first part, we compare women to men's deceptive behavior using data from an incentivized income-reporting experiment with three treatments. Reporting is fully computerized in...

Exploiting the German 2008 tax reform we employ an event study design to assess the effects of local corporate taxes on stock prices. We match firms to the local tax rates at their respective headquarters and analyze the differential stock market responses to the reform decision. We find that...

Um Präferenzen für Maßnahmen zur Stärkung von Sicherheit und Verteidigung als öffentlichem Gut zu bestimmen, bieten sich repräsentativ durchgeführte diskrete Entscheidungsexperimente an. Ein solches umfragegestütztes Experiment offenbart für Deutschland eine große Wertschätzung für...

Defense spending accounts for a large share of the budget in many countries, but the value of the resulting public good - national defense – has so far escaped assessment. Much of the literature has instead considered indirect benefits of defense spending in terms of greater economic growth or...