The past half‐century has seen economic research become increasingly empirical, while the nature of empirical economic research has also changed. In the 1960s and 1970s, an empirical economist's typical mission was to "explain" economic variables like wages or GDP growth. Applied econometrics...

The overall aim of this book, an outcome of the European FP7 FET Open NESS project, is to contribute to the ongoing effort to put the quantitative social sciences on a proper footing for the 21st century. A key focus is economics, and its implications on policy making, where the still dominant...

Smart Fitness bezeichnet die digitale Erfassung individualisierter Fitness- und Lifestyledaten mit Hilfe von Wearables, Smartwatches, Apps und anderen Instrumenten. Die so generierten Daten sind für eine Reihe von Akteure wie Sportartikelhersteller, Pharmaunternehmen, Arbeitgeber sowie...

This work is devoted to statistical methods for the analysis of economic data with a large number of variables. The authors present a review of references documenting that such data are more and more commonly available in various theoretical and applied economic problems and their analysis can...

Lewis argued that his 1954 model of economic development in a dual economy was based on the classical framework originally advanced by Smith, Malthus, Ricardo and Marx. The present paper provides a detailed investigation of how Lewis adopted and adapted classical concepts such as...

There is a fundamental difference between the natural and the social sciences due to reactivity. This difference remains even in the age of Artificially Intelligent Learning Machines and Big Data. Many academic economists take it as a matter of course that economics should become a natural...

There is a considerable amount of literature analyzing factors of success in music contests, in particular those where the audience votes for the winner. However, one factor that is highlighted by the economic theory of stardom is generally neglected in the literature. In this paper, we tackle...

Zu den wichtigsten Aufgaben einer Regierung gehört es, die Bevölkerung vor lebensbedrohlichen Ereignissen wie Naturkatastrophen zu schützen. Frühere Studien haben aufgezeigt, dass Wähler die amtierende Partei für nach einer Naturkatastrophe gesprochene Hilfsgelder belohnen, nicht aber für...

Economics is about understanding the rational behaviour of economic agents (households, firms, industries and government) in their decisions to achieve best outcomes of their goals and aspirations. They collectively converge to achieve the utmost economic and social benefits for all in the...

The present dissertation aims at contributing to the understanding of central labor market mechanisms by analyzing open questions on the determinants of firms' labor demand, unemployed individuals' job search behavior and the state's role in shaping peoples' trust and, thereby, affecting labor...