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Modern investors face a high-dimensional prediction problem: thousands of observable variables are potentially relevant for forecasting. We reassess the conventional wisdom on market efficiency in light of this fact. In our model economy, which resembles a typical machine learning setting, N...
Persistent link: https://www.econbiz.de/10012844214
reduce wage taxes. In particular, a shift in the tax mix may yield an intergenerational Pareto-improvement when the initially …
Persistent link: https://www.econbiz.de/10013316664
union membership and job satisfaction in Germany. Cross-sectional analyses reveal a negative correlation, while fixed … estimation models, we investigate whether the effects vary by gender, age, birth year, and employment status …
Persistent link: https://www.econbiz.de/10014079146
Germany. Moreover, the anonymized micro data can be used for a wide range of research projects. In order to obtain robust …
Persistent link: https://www.econbiz.de/10014079646
exogenous value-added tax reform in Germany, I use an event study and a differences-in-differences approach to investigate the …
Persistent link: https://www.econbiz.de/10013251269
This paper exploits a recent devolution of tax setting powers in the German federation to study the effects of fiscal equalization on subnational governments’ tax policy. Based on an analysis of the system of fiscal equalization transfers, we argue that the redistribution of revenues provides...
Persistent link: https://www.econbiz.de/10012908652
Turkish individuals and in other crimes targeting Islamic immigrants in Germany. Using German Socioeconomic Panel (SOEP) data …
Persistent link: https://www.econbiz.de/10012908664
Every month, the ifo Business Survey (IBS) asks a representative set of 9000 German firms about their current and expected economic conditions. Thus, the micro data of the IBS are ideally suited to study various aspects of firm behavior. However, methodological heterogeneities between different...
Persistent link: https://www.econbiz.de/10012892157
Using rich linked employer-employee data for (West) Germany between 1996 and 2014, we analyze the most important … the sources of the recent slowdown in German wage inequality and compare the results for West Germany to the ones for East … Germany. We disentangle the relative contribution of each single variable to the rise in wage dispersion using recentered …
Persistent link: https://www.econbiz.de/10012892230
This study replicates and challenges the finding of zero wage returns to compulsory schooling in Germany by Pischke and … details. These findings render the conclusion that compulsory schooling in Germany yields no wage returns at a minimum …
Persistent link: https://www.econbiz.de/10013222195