We study how connections to German federal parliamentarians affect firm dynamics by constructing a novel dataset linking politicians and election candidates to the universe of firms. To identify the causal effect of access to political power, we exploit (i) new appointments to the company...

Freedom of speech is central to democracy, but protests that amplify extremist views expose a critical trade-off between civil liberties and public safety. This paper investigates how right-wing demonstrations affect the incidence of hate crimes, focusing on Germany's largest far-right movement...

This study examines the impact of increasing the Minimum Legal Drinking Age (from 16 to 18 years old) on the academic performance, substance use, and peer behaviours of teenagers. Using a difference-in-discontinuities design, we exploit regional MLDA reforms in Spain and PISA data to identify...

How do firms adjust their labor demand when a female employee takes temporary leave after childbirth? Using Austrian administrative data, we compare firms with and without a birth event and exploit policy reforms that significantly altered leave durations. We find that (i) firms adjust hiring,...

The job finding rate declines with the duration of unemployment, but the relative importance of workers' search behavior and employers' recruitment behavior remains unclear. We use monthly search diaries from Swiss public employment offices to shed new light on this issue. Search diaries record...

Immigration may affect income inequality not only by changing factor prices but also by inducing policy makers to adjust the prevailing income tax system. We assess the relative importance of these economic and political channels using administrative data from Switzerland where local authorities...

Can providing information to potential migrants influence their decisions about risky and irregular migration? We conduct an experiment with over 7,000 secondary school students in Guinea, providing information through video testimonials by migrants who settled in Europe and through aggregate...

This chapter traces the evolution of the study of gender in the labor market, focusing on how academic thinking on this topic has evolved alongside real world developments in gender inequality from the 1980s to the present. We present a simple model of female labor supply to illustrate how...

This article provides an overview of the economic literature on short-time work. It presents the main characteristics of short-time work since its emergence in Germany in the 1930s. It analyzes its effectiveness as a job preservation mechanism, drawing on theoretical models and empirical...

Labor economics often assumes that wages w are equal to the marginal revenue product of labor MRP L. However, recent literature has shown that firms' market power allows them to pay wages substantially below marginal productivity. The markdown (MRP L - w)/w is our preferred measure of firms'...