There is broad agreement that the European Union's post-2030 climate policy architecture - the framework of rules to reduce greenhouse gas emissions - needs to be simpler and more flexible, with market actors less constrained in how they mitigate emissions. However, simplification should not...

Die Industrieprobleme in Deutschland sind auch Folge rückläufiger Exporte. Im Gegensatz zu früheren Dekaden ist die deutsche Exportwirtschaft von der gleichwohl schwächeren globalen Warennachfrage abgekoppelt. Die weltweite Industrieproduktion verschiebt sich nach Asien. Die geopolitischen...

Die Industrieprobleme in Deutschland sind auch Folge rückläufiger Exporte. Im Gegensatz zu früheren Dekaden ist die deutsche Exportwirtschaft von der gleichwohl schwächeren globalen Warennachfrage abgekoppelt. Die weltweite Industrieproduktion verschiebt sich nach Asien. Die geopolitischen...

This paper estimates the effect of a reform-induced increase in the early retirement age (ERA) on labor supply, health, and healthcare utilization using detailed Danish administrative data and a regression discontinuity design. We show that while raising the ERA successfully increased...

We estimate the impact of an increase in the early retirement age (ERA) on labor supply, health, and healthcare use using a regression discontinuity design. Raising the ERA increased employment and use of public transfers. Effects on GP visits and painkiller use are precisely estimated, small,...

Agency theory holds that managerial discretion over stakeholder decisions creates agency costs through altruistic redistribution. We test this claim in a principal-agent experiment where agents choose effort and transfers affecting a third party under unenforceable flat-wage contracts. We find...

Agency theory holds that managerial discretion over stakeholder decisions creates agency costs through altruistic redistribution. We test this claim in a principal-agent experiment where agents choose effort and transfers affecting a third party under unenforceable flat-wage contracts. We find...