Increased equity participation by employees has attracted substantial interest for its potential to affect both economic outcomes (e.g., worker and firm performance) and social outcomes (e.g., wealth and income inequality). This paper summarizes the findings from over 50 large-sample empirical...

Inequality has risen in many countries over the last two decades, especially in the transition economies, but also in many developing and developed economies. This is disturbing since little progress can be made in poverty reduction when inequality is high and rising. Moreover, contrary to...

The core industries of the new information economy are characterized by imperfect competition, asymmetric information or external effects. Thus, well-designed microeconomic policies, in the form of competition policies, technology policies or combinations of these, have strong potential of...

Climate Change ; Mitigation Technologies ; Patent Data

Entrepreneurs may be constrained by the law to bequeath a minimal stake to non-controlling heirs. The size of this stake can reduce investment in family firms, by reducing the future income they can pledge to external financiers. Using a purpose-built indicator of the permissiveness of...

Deutschland auf dem langen Weg zu smarter Regulierung. Als Wirtschaftsstandort hat Deutschland in den letzten Jahren kontinuierlich an Attraktivität verloren. War das Land aus Unternehmenssicht seit jeher ein Standort mit hohen Steuern und Arbeitskosten, so hat sich der Kostennachteil bei den...

Amid escalating geopolitical tensions, we offers insights into the far-reaching consequences of wars. Based on a new dataset on major conflicts since 1870, the findings show that wars cause a substantial decline in GDP and spike in inflation within war zones. Interestingly, countries...

Digital transformation is provoking a real revolution in the payment's landscape of many economies in the last few years. New technologies and the change in public's habits are transforming not only the way payments are processed but the very modes of registering, storing and transferring value...