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Acquiring R&D Projects: Who, When, and What? Evidence from Antidiabetic Drug Development

This paper analyzes M&A patterns of R&D projects in the antidiabetics industry. For this purpose, we construct a database with all corporate individual antidiabetics R&D projects over the period 1997 - 2017, and add detailed information on firms’ technology dimension using patent information, next to their position in product markets. This allows us to identify the identity of targets and acquirers ...

Change in Personal Culture over the Life Course

Prior literature finds stability in personal culture, such as attitudes and values, in individuals’ life courses using short-running panel data. This work has concluded that lasting change in personal culture is rare after formative early years. This conclusion conflicts with a growing body of evidence for changes in personal culture after significant life course transitions, drawing on long-running ...

200 Years of Sovereign Debt Crises: Serial Restructurings May Be Accompanied by Higher Creditor Losses

Many sovereign defaults have occurred worldwide over the past 200 years. An analysis of 321 sovereign debt restructurings since 1815 shows that foreign private and institutional investor losses were 43 percent on average. Notably, beginning in the 1970s, several debt exchanges have increasingly been required to resolve a default. To understand this new phenomenon better, this Weekly Report looks at ...

Sexual Jokes and Conversations at the Workplace and Their Relation to Employee Well-Being: Results from a Longitudinal Study

Ambient social sexual behaviour at work refers to sexual jokes and conversations at the workplace. Prior cross-sectional studies indicate that this behaviour is relatively widespread and tends to be associated with negative well-being. We revisit this research by investigating the outcomes of sexual jokes and conversations at work after 1 year in a comparatively large employee sample. The perceived ...

Debt crises and debt cuts

BCCP Conference and Policy Forum 2024

Heike Schweitzer, one of the panelists invited to speak at the conference, died suddenly a few days before the conference on June 11. The academic world has lost a brilliant legal scholar and intellectual leader in competition law. Our thoughts are with her family and friends. Imagine there is a conference in Berlin on June 14, 2004 and you have been invited. The invitation arrives in the mail....

Utilisation of Dental Services by Refugees in Germany: Results of the Population-Based RESPOND Survey

Background: The utilisation of outpatient dental services is an important indicator for monitoring healthcare provision in Germany. In the general population, the 12-month prevalence of dental service utilization is 82.2%. For refugees, this indicator has hardly been measured, although studies suggest an objectively high need for dental care. Methodology: As part of the population-based cross-sectional ...

Foreign Debt, Capital Controls, and Secondary Markets: Theory and Evidence from Nazi Germany

We investigate how internal distribution motives can affect the implementation of an important macroeconomic policy: capital controls. To do this, we study one of history’s largest debt repatriations, which took place under strict capital controls in 1930s Germany, providing a wealth of quantitative and historical evidence. We show that the authorities kept private repatriations under strict control, ...

The Long-term Consequences of Early School Absences for Educational Attainment and Labour Market Outcomes

School absences can negatively impact a child's schooling, including the loss of teacher-led lessons, peer interactions, and, ultimately, academic achievement. However, little is known about the long-term consequences of school absences for overall educational attainment and labour market outcomes. In this paper, we used data from the 1970 British Cohort Study to examine long-term associations between ...

Establishing a Probability Sample in a Crisis Context: The Example of Ukrainian Refugees in Germany in 2022

Following Russia’s invasion of Ukraine in early 2022, more than one million refugees have arrived in Germany. These Ukrainian refugees differ in many aspects from Germany’s past forced migration experiences and there exists an urgent need for sound data and information for politics, practitioners, and academics. In response, the IAB-BiB/FReDA-BAMF-SOEP study was established to provide high-quality ...