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Publications

by members of

Technische Hochschule Deggendorf → Fakultät Angewandte Wirtschaftswissenschaften

Deggendorf Institute of Technology → School of Management

These are publications listed in RePEc written by members of the above institution who are registered with the RePEc Author Service. Thus this compiles the works all those currently affiliated with this institution, not those affilated at the time of publication. List of registered members. Register yourself. Citation analysis. This page is updated in the first days of each month.
| Working papers | Journal articles | Books |

Working papers

2025

  1. Michael Christl & Aron Kiss & Wolfgang Nagl, 2025, "The Effects of COVID-19 on Labour Market Matching in Austria: A Regional Perspective," WIFO Working Papers, WIFO, number 708, Jul.

2024

  1. Christl, Michael & Kiss, Aron & Nagl, Wolfgang, 2024, "The Effects of COVID-19 on Labour Market Matching in Austria: A Regional and Sectoral Perspective," GLO Discussion Paper Series, Global Labor Organization (GLO), number 1521.

2022

  1. Marina Di Giacomo & Wolfgang Nagl & Philipp Steinbrunner, 2022, "Trump Digs Votes - The Effect of Trump's Coal Campaign on the Presidential Ballot in 2016," CESifo Working Paper Series, CESifo, number 9817.

2017

  1. K. Ali Akkemik & Mehmet Bulut & Marcus Dittrich & Koray Göksal & Kristina Leipold & Masao Ogaki, 2017, "Worldviews and Intergenerational Altruism: A Comparison of Turkish People Living in Turkey and Germany," CESifo Working Paper Series, CESifo, number 6404.
  2. Robert Lehmann & Wolfgang Nagl, 2017, "Explaining Spatial Patterns of Foreign Employment in Germany," CESifo Working Paper Series, CESifo, number 6356.

2016

  1. Wolfgang Nagl & Michael Weber, 2016, "Stuck in a trap? Long-term unemployment under two-tier unemployment compensation schemes," ifo Working Paper Series, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 231.
  2. Erik Granseth & Wolfgang Keck & Wolfgang Nagl & Melinda Tir & Andras Simonovits, 2016, "Negative correlation between retirement age and contribution length?," KRTK-KTI WORKING PAPERS, Institute of Economics, Centre for Economic and Regional Studies, number 1633, Nov.

2015

  1. Wolfgang Nagl & Robert Lehmann, 2015, "Distance is crucially important, at least for neighbors' foreign employment at the district level," ERSA conference papers, European Regional Science Association, number ersa15p366, Oct.

2014

  1. Marcus Dittrich & Kristina Leipold, 2014, "Gender Differences in Strategic Reasoning," CESifo Working Paper Series, CESifo, number 4763.
  2. Marcus Dittrich & Silvio Städter, 2014, "Moral Hazard and Bargaining over Incentive Contracts," CESifo Working Paper Series, CESifo, number 4920.
  3. Wolfgang Nagl & Michael Weber, 2014, "Unemployment compensation and unemployment duration before and after the German Hartz IV reform," ifo Working Paper Series, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 186.

2013

  1. K. Ali Akkemik & Marcus Dittrich & Koray Göksal & Kristina Leipold & Masao Ogaki, 2013, "Worldviews and Intergenerational Altruism: Empirical Evidence for Germany," ERSA conference papers, European Regional Science Association, number ersa13p823, Nov.
  2. Kloß, Michael & Nagl, Wolfgang, 2013, "Unemployment compensation and unemployment duration - Evidence from the German Hartz IV reform," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order, Verein für Socialpolitik / German Economic Association, number 79711.

2012

  1. Marcus Dittrich & Andreas Knabe & Kristina Leipold, 2012, "Gender Differences in Experimental Wage Negotiations," CESifo Working Paper Series, CESifo, number 3862.
  2. Kristina Leipold & Nora C. Vetter & Marcus Dittrich & Marco Lehmann-Waffenschmidt & Matthias Kliegel, 2012, "Individual and Developmental Differences in the Relationship of Preferences and Theory of Mind," CESifo Working Paper Series, CESifo, number 4053.
  3. Wolfgang Nagl, 2012, "Wage Compensations Due to Risk Aversion and Skewness Affection – German Evidence," ifo Working Paper Series, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 145.
  4. Wolfgang Nagl, 2012, "Better Safe than Sorry? The Effects of Income Risk, Unemployment Risk and the Interaction of these Risks on Wages," ifo Working Paper Series, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 148.
  5. Wolfgang Nagl & Stefan Arent, 2012, "Unemployment Benefits and Wages: Evidence from the German Hartz-Reform," ERSA conference papers, European Regional Science Association, number ersa12p78, Oct.

2011

  1. Marcus Dittrich & Andreas Knabe & Kristina Leipold, 2011, "Spillover Effects of Minimum Wages: Theory and Experimental Evidence," CESifo Working Paper Series, CESifo, number 3576.
  2. Stefan Arent & Wolfgang Nagl, 2011, "The Price of Security: On the Causality and Impact of Lay-off Risks on Wages," ifo Working Paper Series, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 100.
  3. Stefan Arent & Wolfgang Nagl, 2011, "Unemployment Benefit and Wages: The Impact of the Labor Market Reform in Germany on (Reservation) Wages," ifo Working Paper Series, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 101.

2010

  1. Marcus Dittrich & Andreas Knabe, 2010, "Wage and Employment Effects of Non-Binding Minimum Wages," CESifo Working Paper Series, CESifo, number 3149.
  2. Marcus Dittrich & Beate Schirwitz, 2010, "Union Membership and Employment Dynamics: A Note," CESifo Working Paper Series, CESifo, number 3173.

2009

  1. Stefan Krenz & Wolfgang Nagl, 2009, "A Fragile Pillar: Statutory Pensions and the Risk of Old-age Poverty in Germany," ifo Working Paper Series, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 76.

2007

  1. Dittrich, Marcus, 2007, "Minimum Wages and Union Bargaining in a Dual Labour Market," Dresden Discussion Paper Series in Economics, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics, number 13/07.

2006

  1. Dittrich, Marcus, 2006, "Welfare Effects of Union Bargaining Centralisation in a Two-Sector Economy," MPRA Paper, University Library of Munich, Germany, number 11, Sep, revised Sep 2006.
  2. Schirwitz, Beate & Dittrich, Marcus, 2006, "A Dynamic Model of Union Behaviour. The Role of an Endogenous Outside Option and Bargaining Centralisation," Dresden Discussion Paper Series in Economics, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics, number 07/06.

2004

  1. Michael Berlemann & Marcus Dittrich & Gunther Markwardt, 2004, "The Value of Non-Binding Announcements in Public Goods Experiments: Some Theory and Experimental Evidence," CESifo Working Paper Series, CESifo, number 1352.

Journal articles

2025

  1. Dénes Kucsera & Hanno Lorenz & Wolfgang Nagl, 2025, "Monetary work-incentives within the Austrian tax and benefit system," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, volume 52, issue 1, pages 39-62, February, DOI: 10.1007/s10663-024-09632-0.

2022

  1. Dénes Kucsera & Hanno Lorenz & Wolfgang Nagl, 2022, "Die Entwicklung der Mittelschicht in Österreich und Deutschland
    [The Development of the Middle Class in Austria and Germany]
    ," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, volume 102, issue 10, pages 789-794, October, DOI: 10.1007/s10273-022-3293-2.

2021

  1. Marcus Dittrich & Silvio Städter, 2021, "Regulating Executive Pay: Incentive Contracts and Nonbinding Bonus Caps," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, volume 177, issue 1, pages 81-96, DOI: 10.1628/jite-2020-0045.
  2. Marcus Dittrich & Silvio Städter, 2021, "Monitoring ’lemons’: why lower productivity workers are sometimes monitored more closely," Applied Economics Letters, Taylor & Francis Journals, volume 28, issue 9, pages 737-741, May, DOI: 10.1080/13504851.2020.1776826.

2019

  1. Erik Granseth & Wolfgang Keck & Wolfgang Nagl & András Simonovits & Melinda Tir, 2019, "Negative correlation between retirement age and length of contribution?," Oxford Economic Papers, Oxford University Press, volume 71, issue 4, pages 1050-1070.
  2. Robert Lehmann & Wolfgang Nagl, 2019, "Explaining spatial patterns of foreign employment in Germany," Regional Studies, Taylor & Francis Journals, volume 53, issue 7, pages 991-1003, July, DOI: 10.1080/00343404.2018.1515479.
  3. Tibor Hanappi & Wolfgang Nagl, 2019, "Retirement Behaviour in Austria: Effects of Incentives on Old‐Age Labour Supply," Fiscal Studies, John Wiley & Sons, volume 40, issue 3, pages 301-328, September, DOI: 10.1111/1475-5890.12193.

2017

  1. Sandra Müllbacher & Wolfgang Nagl, 2017, "Labour supply in Austria: an assessment of recent developments and the effects of a tax reform," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, volume 44, issue 3, pages 465-486, August, DOI: 10.1007/s10663-017-9373-7.

2016

  1. Sandra Müllbacher & Wolfgang Nagl, 2016, "Umverteilung in verschiedenen Pensionssystemen für Österreich
    [Redistribution in Different Pension Systems for Austria]
    ," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, volume 96, issue 2, pages 140-147, February, DOI: 10.1007/s10273-016-1939-7.

2015

  1. Marcus Dittrich & Bianka Mey, 2015, "Gender differences in volunteer activities: Evidence from German survey data," Economics Bulletin, AccessEcon, volume 35, issue 1, pages 349-360.
  2. Dittrich, Marcus & Städter, Silvio, 2015, "Moral hazard and bargaining over incentive contracts," Research in Economics, Elsevier, volume 69, issue 1, pages 75-85, DOI: 10.1016/j.rie.2014.10.002.
  3. Marcus Dittrich, 2015, "Gender differences in trust and reciprocity: evidence from a large-scale experiment with heterogeneous subjects," Applied Economics, Taylor & Francis Journals, volume 47, issue 36, pages 3825-3838, August, DOI: 10.1080/00036846.2015.1019036.
  4. Marcus Dittrich & Bianka Mey, 2015, "Are people satisfied with their time use? Empirical evidence from German survey data," Economics Bulletin, AccessEcon, volume 35, issue 4, pages 2903-2914.

2014

  1. Dittrich, Marcus & Leipold, Kristina, 2014, "Gender differences in time preferences," Economics Letters, Elsevier, volume 122, issue 3, pages 413-415, DOI: 10.1016/j.econlet.2014.01.002.
  2. Marcus Dittrich & Andreas Knabe & Kristina Leipold, 2014, "Gender Differences In Experimental Wage Negotiations," Economic Inquiry, Western Economic Association International, volume 52, issue 2, pages 862-873, April.
  3. Marcus Dittrich & Andreas Knabe & Kristina Leipold, 2014, "Spillover Effects of Minimum Wages in Experimental Wage Negotiations," CESifo Economic Studies, CESifo Group, volume 60, issue 4, pages 780-804.
  4. Wolfgang Nagl, 2014, "Better Safe than Sorry? The Effects of Income Risk and Unemployment Risk on Wages," LABOUR, CEIS, volume 28, issue 3, pages 251-268, September.
  5. Wolfgang Nagl & Joachim Ragnitz & Lars Vandrei, 2014, "Die Rente für besonders langjährig Versicherte," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 21, issue 02, pages 33-36, April.
  6. Nagl Wolfgang & Arent Stefan, 2014, "Unemployment Compensation and Wages: Evidence from the German Hartz Reforms – Reply," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, volume 234, issue 5, pages 645-646, October, DOI: 10.1515/jbnst-2014-0505.

2013

  1. Marcus Dittrich & Andreas Knabe, 2013, "Spillover Effects of Minimum Wagesunder Union Wage Bargaining," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, volume 169, issue 3, pages 506-518, September, DOI: 10.1628/093245613X667468.
  2. Stefan Arent & Wolfgang Nagl & Joachim Ragnitz, 2013, "Öffentliche Ausgaben der Länder für Bildung," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 20, issue 02, pages 10-18, April.
  3. Wolfgang Nagl & Lars Vandrei, 2013, "Der Beitrag zur Gesetzlichen Rentenversicherung im demographischen Wandel – Die Babyboomer gehen in Rente," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 20, issue 04, pages 30-33, August.
  4. Arent Stefan & Nagl Wolfgang, 2013, "Unemployment Compensation and Wages: Evidence from the German Hartz Reforms," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, volume 233, issue 4, pages 450-466, August, DOI: 10.1515/jbnst-2013-0402.
  5. Wolfgang Nagl & Lars Vandrei & Michael Voigtländer & Martin Junkernheinrich & Stormy-Annika Mildner & Julia Howald, 2013, "Kurz kommentiert," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, volume 93, issue 11, pages 728-730, October, DOI: 10.1007/s10273-013-1592-3.
    • Sebastian Dullien & Dirk Niepelt & Markus Groth & Tim Clamor & Michael Voigtländer, 2012, "Kurz kommentiert," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, volume 92, issue 11, pages 720-722, November, DOI: 10.1007/s10273-012-1446-4.

2012

  1. Katja Baum & Wolfgang Nagl, 2012, "Bevölkerungsentwicklung und Wirtschaftswachstum in der Region Dresden (REGKLAM) bis 2025," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 19, issue 03, pages 30-34, June.
  2. Robert Lehmann & Wolfgang Nagl, 2012, "Wo leben welche Migranten? Eine Analyse mit Kreisdaten," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 19, issue 06, pages 31-35, December.
  3. Robert Lehmann & Wolfgang Nagl, 2012, "Wo leben welche Migranten aus Deutschlands Nachbarländern? – Eine Analyse auf Kreisebene," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 65, issue 23, pages 27-31, December.
  4. Wolfgang Nagl & Joachim Ragnitz, 2012, "Drei Irrtümer über die gesetzliche Rente," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, volume 92, issue 11, pages 759-762, November, DOI: 10.1007/s10273-012-1451-7.

2011

  1. Dittrich, Marcus & Schirwitz, Beate, 2011, "Union membership and employment dynamics: A note," Economics Letters, Elsevier, volume 110, issue 1, pages 38-40, January.
  2. Dorothea Lowe & Wolfgang Nagl, 2011, "Bevölkerungsentwicklung und Wanderungsströme von 1991 bis 2008 für Ostdeutschland und Sachsen," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 18, issue 02, pages 27-31, April.
  3. Stefan Arent & Wolfgang Nagl, 2011, "Löhne und Arbeitslosengeld: Wie haben sich die HARTZ-Reformen auf die Lohnentwicklung ausgewirkt?," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 18, issue 03, pages 03-07, June.
  4. Stefan Arent & Wolfgang Nagl, 2011, "Risikokompensation hochqualifizierter Arbeitnehmer am deutschen Arbeitsmarkt," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 18, issue 03, pages 08-11, June.
  5. Wolfgang Nagl, 2011, "Auswirkungen der Arbeitnehmerfreizügigkeit auf Ostdeutschland und Sachsen," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 18, issue 03, pages 33-35, June.
  6. Anna Montén & Wolfgang Nagl, 2011, "Der Dresdner Arbeitsmarkt – die qualifizierte Beschäftigung nimmt zu," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 18, issue 06, pages 14-20, December.

2010

  1. Marcus Dittrich, 2010, "Welfare Effects of Local versus Central Wage Bargaining," LABOUR, CEIS, volume 24, issue 1, pages 26-34, March, DOI: 10.1111/j.1467-9914.2010.00469.x.
  2. Marcus Dittrich, 2010, "Minimum Wages and Unemployment Benefits in a Unionized Economy: A Game-Theoretic Approach," Annals of Economics and Finance, Society for AEF, volume 11, issue 2, pages 209-229, November.
  3. Stefan Arent & Wolfgang Nagl, 2010, "Binnenwanderungssalden der sächsischen Landkreise," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 17, issue 05, pages .5-10, October.
  4. Stefan Arent & Wolfgang Nagl, 2010, "Arbeitsplatzrisiken im öffentlichen Dienst und in der Privatwirtschaft," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 17, issue 06, pages 10-16, December.
  5. Stefan Arent & Wolfgang Nagl, 2010, "Die Brutto- und Tariflohnentwicklung seit 1994 im Vergleich," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 17, issue 06, pages 4-9, December.
  6. Stefan Arent & Wolfgang Nagl, 2010, "Ostdeutscher Fachkräftemangel bis 2030," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 17, issue 06, pages 40-43, December.
  7. Stefan Arent & Wolfgang Nagl, 2010, "A Fragile Pillar: Statutory Pensions and the Risk of Old-Age Poverty in Germany," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, volume 66, issue 4, pages 419-441, December, DOI: 10.1628/001522108X549271.

2009

  1. Berlemann, Michael & Dittrich, Marcus & Markwardt, Gunther, 2009, "The value of non-binding announcements in public goods experiments: Some theory and experimental evidence," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, volume 38, issue 3, pages 421-428, June.
  2. Stefan Krenz & Wolfgang Nagl & Joachim Ragnitz, 2009, "Is There a Growing Risk of Old-Age Poverty in East Germany?," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, volume 60, issue Supplemen, pages 35-54.
  3. Stefan Arent & Wolfgang Nagl, 2009, "Die Entwicklung der Ansprüche an die gesetzliche Rentenversicherung bis zum Jahr 2020," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 16, issue 02, pages 13-23, April.
  4. Wolfgang Nagl, 2009, "Fiskalische Belastung durch staatliche Unterstützungsleistungen im Alter 2020 in Sachsen," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 16, issue 03, pages 11-16, June.

2008

  1. Marcus Dittrich, 2008, "Union wage setting in a dual labour market: the role of centralisation," International Economic Journal, Taylor & Francis Journals, volume 22, issue 4, pages 461-470, DOI: 10.1080/10168730802497536.
  2. Wolfgang Nagl, 2008, "Zur Angleichung der Rentenwerte in Ost- und Westdeutschland," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 15, issue 06, pages .35-37, December.

2004

  1. Marcus Dittrich & Gunther Markwardt, 2004, "Arbeitslosigkeit und Kriminalität : eine mögliche "doppelte Dividende" der Arbeitsmarktpolitik?," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 11, issue 06, pages 11-17, December.

2003

  1. Günther Markwardt & Marcus Dittrich, 2003, "Zu kurz gedacht?: die LKW-Maut - ein (ungenutztes) Lenkungsinstrument auf dem Prüfstand," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 10, issue 06, pages 43-50, June.

Books

2015

  1. Alexander Eck & Sabine Gralka & Julia Sonnenburg & Wolfgang Nagl & Joachim Ragnitz, 2015, "Hochschulfinanzierung in Mecklenburg-Vorpommern," ifo Dresden Studien, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 75, February.

2014

  1. Wolfgang Nagl, 2014, "Lohnrisiko und Altersarmut im Sozialstaat," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 54, April.

2013

  1. Stefan Arent & Wolfgang Nagl & Joachim Ragnitz, 2013, "Transfer of educational investment," ifo Dresden Studien, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 68, February.

2012

  1. Jan Kluge & Anna Montén & Wolfgang Nagl & Beate Schirwitz & Marcel Thum, 2012, "Wachstum und Beschäftigung am Wirtschaftsstandort Dresden," ifo Dresden Studien, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 64, February.

2011

  1. Stefan Arent & Alexander Eck & Oskar Krohmer & Robert Lehmann & Wolfgang Nagl & Joachim Ragnitz & Marcel Thum, 2011, "Wirtschaftliche Entwicklung Sachsens im Ländervergleich: Bestandsaufnahme und Perspektiven: Gutachten im Auftrag der Sächsischen Staatskanzlei," ifo Dresden Studien, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 59, February.
  2. Stefan Arent & Wolfgang Nagl & Joachim Ragnitz, 2011, "Einkommensentwicklung im Freistaat Sachsen," ifo Dresden Studien, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 61, February.

2009

  1. Sebastian Döll & Wolfgang Nagl & Joachim Ragnitz & Christian Thater, 2009, "Mittelfristige Einkommensentwicklung in Sachsen," ifo Dresden Studien, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 48, February.

2004

  1. Marcus Dittrich & Wolfgang Gerstenberger & Beate Henschel & Gunther Markwardt & Carsten Pohl & Heinz Schmalholz & Marcel Thum, 2004, "Demographische Entwicklung im Freistaat Sachsen : Analyse und Strategien zum Bevölkerungsrückgang auf dem Arbeitsmarkt ; Gutachten im Auftrag der Sächsischen Staatskanzlei," ifo Dresden Studien, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 36, February.

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