This paper investigates the relationship between international sanctions and coups d'état in targeted countries. Employing a panel logit model and utilizing data from 1972 to 2013 drawn from the Global Sanctions Database and the Coup Leaders Dataset, we analyze the effects of UN and Western...

Building on the success of Ferreira and Santa-Clara (2011) in separately forecasting the return components of the stock market, this paper examines the links between economic regimes and these components to predict the aggregate U.S. stock market. We propose a three-step methodology that we call...

From a theoretical viewpoint it is not clear whether or not works councils contribute to workplace democracy. This study is the first to provide systematic evidence that employees in establishments with a works council experience more democracy at work than the ones in establishments without a...

Spatial dynamic microsimulations have distinct potential to operate and project populations on finely detailed geographic level. For this, a detailed building and dwellings data set is typically needed, such that inner-region migration flows and local population developments may be modelled...

This paper investigates the relationship between international sanctions and coups d'état in targeted countries. Employing a panel logit model and utilizing data from 1972 to 2013 drawn from the Global Sanctions Database and the Coup Leaders Dataset, we analyze the effects of UN and Western...

Climate change poses significant challenges through rising temperatures, extreme weather events, and the exposure of economic (and societal) systems to these dangers. The irreversible and potentially non-linear nature of climate change, together with evolving technological and policy landscapes,...

A chained price index is said to suffer from chain drift bias if it indicates an overall price change, even though the prices and quantities in the current period have reverted back to their levels of the base period. The empirical relevance of this bias is well documented in studies that apply...

This chapter reviews research on the linkages between corporate globalization and worker representation. Studies have identified various transmission channels through which the activities of foreign multinational companies (MNCs) affect host-country institutions of union and non-union...

We study the effect of bequests and their taxation on wealth inequality. We allow for random death and birth in a continuous-time, dynastic framework. Individuals behave optimally and accumulate wealth over their lifetime. Bequests above a tax exemption threshold are taxed according to a fixed...

Die Rechtstatsachenforschung zur Funktionsweise betrieblicher Mitbestimmung nimmt in ökonomischen und soziologischen Studien eine wichtige Rolle ein. Diese Studien haben allerdings über eine lange Zeit hinweg gesamtgesellschaftliche Implikationen vernachlässigt und ausschließlich jene...