This paper explores whether more generous social spending polices in fact lead to less income inequality, or if redistributive outcomes are offset by behavioral disincentive effects. To account for the inherent endogeneity of social policies with regard to inequality levels, I apply the System...

This paper compares public health care with private health insurance in an overlapping generations endogenous growth model. It is shown that economic growth is higher when there is a private health insurance.

Die zentrale Frage dieser Studie lautet, inwiefern die Wanderung hochqualifizierter Arbeitskräfte in Europa negative Wirkungen für die Zurückgebliebenen entfaltet. Während im Hinblick auf die langfristigen Wirkungen des sogenannten Brain Drains im Falle von Entwicklungsländern die...

This paper investigates the link between the optimal level of non-financial firms' leverage and macroeconomic uncertainty. We develop a structural model of a firm's value maximization problem that predicts that as macroeconomic uncertainty increases the firm will decrease its optimal level of...