For treatment effects—one of the core issues in modern econometric analysis—prediction and estimation are two sides of the same coin. As it turns out, machine learning methods are the tool for generalized prediction models. ...

This paper analyzes the labor market effects of offshoring in a high-wage home country and how these effects crucially depend on (1) Job complexity and (2) The characteristics of the destination country. It thereby links ...

In this paper, we revisit questions about the onshore employment effects of firms that conduct foreign direct investment (FDI) in countries with substantially lower average wages. Our results derive from the use of rich ...

This study provides descriptive evidence on how firms respond to activist short seller reports and how these responses are associated with outcomes for the targeted firms. We show that the frequency of these reports has ...

We revisit Max Weber’s hypothesis on the role of Protestantism for economic development. We show that nationalism is crucial to both, the interpretation of Weber’s Protestant Ethic and empirical tests thereof. For late ...

What are the origins of national identity? We investigate the success of propaganda as one the first nation-building policies conducted in the German lands around 1815. To elicit identity changes at the level of individuals ...

With more than ten thousand casualties, the ongoing hybrid Ukrainian war between pro-Russian separatists and the government in the Donbass region, Ukraine’s productive core, has taken a severe toll on the country. Using ...

The incidence of employment interruptions and temporary part-time work has grown strongly among full-time workers, yet little is known about the impact on wage inequality. This is the first study showing that such episodes ...

My comment on Weber and Staples (Digit Financ, https://doi.org/10.1007/s42521-022-00064-8 [Titel anhand dieser DOI in Citavi-Projekt übernehmen] , 2022) elaborates an economic perspective of their “programmable money” ...