Which impact does government size have on life satisfaction, and how do effects of bigger government differ between income groups in society? Previous studies typically employed country averages and thus neglect possibly heterogeneous happiness effects between income groups. The paper addresses...

The purpose of this paper is to assess intergenerational occupational mobility in Germany. Using data from the Socioeconomic Panel (SOEP), we find a high persistence of occupational choices across fathers and children. To separate effects related to parental advice and influence (nurture) from...

We empirically assess international corporate tax avoidance by strategic location of innovative output. The analysis draws on the universe of patent applications to the European Patent Office linked with data on multinational entities (MNEs) in Europe. Four findings emerge: Firstly, patent...

Zusammenfassung Preisdestabilisierende Spekulationsblasen haben in einer freien Gesellschaft wichtige Funktionen: Sie ersetzen die fehlende Spekulation eines rationalen wissenschaftlichen Erkenntnisprozesses. Sie beschleunigen den kulturellen Selektions- und Anpassungsprozess und lösen einen...