National sentiment can have major implications for individual consumption and investment choices but has been researched little by economists. This article studies how national sentiment in the form of a perception or loyalty bias of bettors may affect pricing patterns on national wagering...

Die Zahl der Flüchtlinge ist 2015 drastisch gestiegen und stellt Deutschland vor große Herausforderungen. Erleichterung erhofft man sich dadurch, dass nun auch Albanien, Kosovo und Montenegro auf die Liste der sicheren Herkunftsstaaten gesetzt wurden - wie dies vor einem Jahr für Serbien,...

Fears of job losses and of increasing inequality loom large in current debates on how globalization is affecting our economies. By fundamentally changing the organization of production and work, globalization creates complex and changing patterns of winners and losers. Globalization thus creates...

Die Arbeitsmarktintegration von Flüchtlingen braucht Zeit. Die Beschäftigungsquoten von Flüchtlingen liegen zunächst deutlich unter denen anderer Zuwanderer, steigen dann aber in den ersten zehn bis fünfzehn Jahren nach Zuzug kontinuierlich an. Dennoch bleibt der Arbeitsmarkterfolg von...

This paper studies the persistence of a large, unexpected, and regionally very unevenly distributed population shock, the inflow of eight million ethnic Germans from Eastern Europe to West Germany after World War II. Using detailed census data from 1939 to 1970, we show that the shock had a...

Does immigration accelerate sectoral change towards high-productivity sectors? This paper uses the mass displacement of ethnic Germans from Eastern Europe to West Germany after World War II as a natural experiment to study this question. A simple two-sector specific factors model, in which...

This paper studies the persistence of a large, unexpected, and regionally very unevenly distributed population shock, the inflow of eight million ethnic Germans from Eastern Europe to West Germany after World War II. Using detailed census data from 1939 to 1970, we show that the shock had a...