Why Do Wealthy Parents Have Wealthy Children?
Why do the children of wealthy parents tend to be well off themselves? In their recent CESifo Working Paper network members Andreas Fagereng, Magne Mogstad, and Marte Rønning contribute to this open question by taking a close look at the role of family background in determining children’s accumulation of wealth and investor behaviour as adults. Find summary and the full working paper on our website.
Other CESifo Working Papers
Working Paper Submission Form
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Why We Need to React to Trump
US President Donald Trump began 2018 with a tax policy bang by announcing massive tax cuts in the US. With this reform Trump is seeking to encourage companies to invest more in the USA and to post a greater share of their global profits there. In this Viewpoint Clemens Fuest explains how he thinks Germany should react to the latest changes in US tax policy.
More from and about Clemens Fuest
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 Global Implications of U.S. Tax Reform
What will be the impact of the latest US tax reform adopted on 1 January 2018? In this EconPol Working Paper Jack Mintz looks at the key features of the US Tax Cuts and Jobs Act, assesses its implications for global growth and speculates on how other countries are likely to respond to this ground-breaking reform. The full working paper is available here .
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The New ifo Business Climate for Germany
The ifo Business Climate Index is the most important leading indicator for the development of the German economy. In April 2018, the new ifo Business Climate Germany will replace the previous ifo index for industry and trade. Find out more about improvements to the new index here.
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ifo Business Climate Index Falls Again
High spirits among German businesses have evaporated. The ifo Business Climate Index for Germany fell to 102.1 points in April from 103.3 points in March. The indicator for the current business situation fell and expectations also deteriorated. The German economy is slowing down.
Other Economic Indicators:
ifo Employment Barometer
ifo Export Expectations
ifo World Economic Survey
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EEAG Report: A set menu for a (not too) large and well-behaved European Union
New geo-political tensions and the lingering aftermath of the euro crisis are now confronting Europe with tough challenges; and with populists in many countries favouring a narrower or shallower Union, multiple speeds and variable geometries are again being discussed as a potential solution. This EEAG Column analyses past and possible future exceptions to the rule that all European states and their citizens participate equally in a single integration process.
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CESifo Economic Studies Volume 64, Issue 1
The March issue of CESifo Economic Studies is now available online. The highlights include a paper by Rachel Griffith, Martin O’Connell, and Kate Smith on using food taxation to correct internalities. The editor’s choice article investigates whether increasing compulsory education decreases or displaces adolescent crime. More information is available on our website.
Other Publications of Interest:
CESifo Forum
ifo World Economic Survey
CESifo Working Papers
Economic Policy
EconPol Publications
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Richard Musgrave Lecture 2018: Michael P. Devereux
The first highlight of 2018 took place on 12 April in the Kleine Aula of the University of Munich. As part of his guest professorship, Michael Devereux gave the 10th Richard Musgrave Lecture entitled: "Taxing Profit in a Global Economy". Watch the full ceremony, featuring the laudation and the lecture, on the CESifo website.
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CESifo Area Conference on the Economics of Education
The 2018 Conference aims to bring together official CESifo network members to discuss their recent research and to encourage broader interaction, particularly on both sides of the Atlantic. All CESifo research network members are invited to submit their papers, which may deal with any topic within the broad domain of the Economics of Education. Deadline for submissions is 15 May 2018. The Jacobs Foundation Lecture will be delivered by Robert J. Barro. For more information, please check out the conference website.
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Submission Deadlines for Conferences
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Guests and Locals
CESifo is hosting guest researchers from the Israel, Spain, Switzerland, Germany and the USA in May 2018. Learn a bit about what they are working on, and about who they are:
Andrew B. Bernard, Tuck School of Business at Dartmouth, will be visiting CESifo from 7 May to 11 May 2018.
Leif Danziger, Ben-Gurion University, will be visiting CES from 11 May to 11 June 2018.
Pilar Rey del Castillo, Instituto de Estudios Fiscales, will be visiting CESifo from 14 May to 22 May 2018.
John Komlos, LMU Munich (Emeritus), will be visiting CES from 14 May to 17 June 2018.
James Lake, Southern Methodist University, will be visiting CESifo from 27 May to 2 June 2018.
Davide Sala, University of Passau, will be visiting CESifo from 28 May to 1 June 2018.
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Asian and Australasian Society of Labour Economics (AASLE) Seoul 2018
The Second Asian and Australasian Society of Labour Economics (AASLE) Conference will promote research excellence and cooperation in Labour and Applied Economics. The conference aims to bring together researchers from around the world and will be hosted by Seoul National University in Seoul, South Korea, from 13–15 December 2018. The Executive Board invites submissions on any topic related to Labour and Applied Economics. The Call for Papers is available here.
Economic Policy Special Issue on Automation, Artificial Intelligence and the Economy
Economic Policy is inviting contributions to a special issue on automation, artificial intelligence and the economy. We are looking for both theoretical and empirical papers in this area, combining rigorous research with policy messages. If you are interested in contributing, please send a proposal/paper to ep@economic-policy.org by 15 June 2018. You will be informed about whether your proposal will be considered for publication by 30 June 2018. The papers passing this first stage will go through the standard refereeing process of this journal, with a view to being presented and discussed at the spring Economic Policy Panel meeting on 4–5 April 2019.
PhD Position: Macroeconomic Policy in times of Uncertainty at Maastricht University
This PhD proposal focusses on the use of a data-driven approach in European macroeconomic policy making in times of uncertainty and the development of a data-rich forecasting methodology which is robust in periods of higher volatility. It is a full-time, paid position for 3 years and includes limited teaching duties in the Economics department. The department focuses on applied research with both academic and societal impact. For further information please visit the department’s website and the job posting at inomics.com.
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For new postings on the Bulletin Board, please contact us at services@cesifo.de.
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