We explore the link between portfolio home bias and consumption risk sharing among Italian regions using aggregated household level information on consumption, income and portfolio holdings. We propose to use data on equity fund ownership to proxy for regional home bias: equity funds are...

Based on the conditional independence or unconfoundedness assump- tion, matching has become a popular approach to estimate average treatment effects. Checking the sensitivity of the estimated results with respect to devia- tions from this identifying assumption has become an increasingly...

Matching has become a popular approach to estimate average treatment effects. It is based on the conditional independence or unconfoundedness assumption. Checking the sensitivity of the estimated results with respect to deviations from this identifying assumption has become an increasingly...

This article explores the relationship between the Americans with Disabilities Act (“ADA”) and the relative labor market outcomes for people with disabilities. Using individual-level longitudinal data from 1981 to 1996 derived from the previously unexploited Panel Study of Income Dynamics...

The marketing of naming rights on sport arenas has been a long established business in the United States, but was widely unknown in Europe in general and in Germany in particular. Within the last years though, especially against the background of the Soccer World Championship 2006 in Germany,...

"In order to develop sustainable office environments that meet future requirements, the ongoing changes in the work environment have to be understood. But these changes are multifaceted, affect different disciplines and manifest themselves on different levels. Therefore, they should be analysed...

This paper evaluates the impact of relocations of public employment across cities on private sector activity. To identify the effect of changes in public employment on the private sector, we exploit the relocation of the German Federal Government from Berlin to Bonn in the wake of the Second...

Partnerships have always played an important role in real estate development, as in most cases small- and medium-sized developers do not have the necessary human resources and competencies in-house. Furthermore, due to the New Basel Capital Accord (Basel II), equity represents the scarce...

In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...

This paper provides a documentation of the ifo Prussian Economic History Database (iPEHD), a county-level database covering a rich collection of variables for 19th-century Prussia. The Royal Prussian Statistical Office collected these data in several censuses over the years 1816-1901, with much...