This paper investigates if and how confidence at the individual level changes over the course of a life. We provide age profiles of a novel continuous confidence measure and the probability of overconfidence, conditioning on personality traits (including the Big Five and optimism), economic...

This paper studies the effects of forced migration on the educational attainment of second and third generations. Exploring the re-allocation of 8 million expellees to West Germany after World War II using German panel data, the results show that the educational outcomes of the second generation...

Since 2010, particularly in urban agglomerations, the German housing market has experienced stark house price and rent increases. Immigration from rural and smaller settlements as well as international migration into German urban areas, has fuelled an increase in housing demand and led to severe...

Illegal activities harm individuals and society as a whole. Besides the physical harm and immediate wealth loss, crime can entail more subtle, long-lasting consequences, namely, impaired mental health. This article presents significant evidence that the surge of crime rates in Mexico contributed...

The airport Berlin-Brandenburg that has been built for several years now will take over all flights from the existing airports in Berlin. Four weeks before the expected opening of the airport its was delayed by several months. This delay was exogeneous for (potential) residents in the...

This paper investigates if and how confidence at the individual level changes over the course of a life. We provide age profiles of a novel continuous confidence measure and the probability of overconfidence, conditioning on personality traits (including the Big Five and optimism), economic...

Illegal activities harm individuals and society as a whole. Besides the physical harm and immediate wealth loss, crime can entail more subtle, long-lasting consequences, namely, impaired mental health. This article presents significant evidence that the surge of crime rates in Mexico contributed...

The airport Berlin-Brandenburg that has been built for several years now will take over all flights from the existing airports in Berlin. Four weeks before the expected opening of the airport its was delayed by several months. This delay was exogeneous for (potential) residents in the...