Trump’s travel ban on people from several Muslim-majority countries sparked an outcry from businesses about their ability to recruit and retain talent. This column analyses the effect of the Nazis' purge of Jewish managers from German firms to understand the economic consequences of such discriminatory policies. Results show robust losses in terms of stock prices and dividend payments of affected firms. The policy reduced the aggregate market valuation of firms listed in Berlin by 1.78% of German gross national product.
Kilian Huber, Volker Lindenthal, Fabian Waldinger, 08 October 2018
Related
-
Bruno Crépon, Esther Duflo, Marc Gurgand, Roland Rathelot, Philippe Zamora
Most Read
-
Morikawa
-
Terzi
-
Goldstein, Levy Yeyati, Sartorio
-
Taneja, Mizen, Bloom
-
Aghion, Artus, Oliu-Barton, Pradelski
-
Eichengreen, O'Rourke
-
Burgess, Sievertsen
-
Mitze, Kosfeld, Rode, Wälde
-
Heldring, Robinson
-
Eichengreen
Blogs&Reviews
-
Hebous
-
Gylfason
-
Beetsma, Schuknecht
-
Bouwens
-
Gaspar, Larraín Bascuñán
Vox eBooks
Don't Miss
Arezki, Djankov, Panizza
Bartsch, Bénassy-Quéré, Corsetti, Debrun
Scheuer
Events
-
13 - 13 April 2021 / Online /
-
14 - 14 April 2021 / Online /
-
14 - 16 April 2021 / Online / The CEPR Network on Household Finance, EDHEC and Think Forward Initiative (TFI).
-
16 - 16 April 2021 / Online /
-
20 - 20 April 2021 / Webinar /
CEPR Policy Research
-
Gobillon, Solignac
-
Giglio, Maggiori, Stroebel, Weber
-
Summers, Fatás
-
Favero, Galasso
-
Butt, Churm, McMahon, Morotz, Schanz
-
Eichengreen, Avgouleas, Poiares Maduro, Panizza, Portes, Weder di Mauro, Wyplosz, Zettelmeyer
-
Baldwin, Beck, Bénassy-Quéré, Blanchard, Corsetti, De Grauwe, den Haan, Giavazzi, Gros, Kalemli-Ozcan, Micossi, Papaioannou, Pesenti, Pissarides , Tabellini, Weder di Mauro
-
Baldwin, Nakatomi
-
Thimann
-
Goodhart, Perotti