House prices increased considerably in Denmark during the pandemic, while consumption remained moderate. This memo explores the nature of the muted consumption response based on a unique data set with estimates of the value of almost all single- and multi-family houses in Denmark obtained from a...

Rising mortgage rates have led to one in five Danish fixed-rate mortgages to be refinanced during the first three quarters of 2022. The unique Danish match-funding principle has allowed fixed rate mortgage borrowers to buy back their existing mortgages at a 18 per cent discount, on average. 62...

This paper studies the long-lasting effect of a credit supply shock on firms’ economic activity and labour force composition. Using a novel matched bank-employeremployee dataset from Denmark covering 2000 to 2016, I exploit differences in bank exposure to the freeze of the international...

This study puts to a causal test a relationship that has been implied by years of correlational research: that individuals’ willingness to pay taxes decreases when tax-funded benefits are distributed to immigrants. To this aim, we designed an online tax evasion experiment with real tax-funded...

We use comprehensive data from Denmark that combine online job advertisements with a matched employer-employee dataset and a firm-level dataset with information on revenues and value added to study the relationship between vacancy-posting and various firm outcomes. Posting a vacancy is...

A growing number of Danish municipalities wish to reduce tax avoidance and profit shifting (PS) in their procurement process by encouraging their suppliers and service providers to adopt responsible tax practices. To support this development we develop an indicator of PS-risk at firm level....

How do parents contend with threats to the health and survival of their children? Can the social safety net mitigate negative economic effects through transfers to affected families? We study these questions by combining the universe of cancer diagnoses among Danish children with register data...