Does a high regional concentration of immigrants of the same ethnicity affect immigrant children's acquisition of host-country language skills and educational attainment? We exploit the exogenous placement of guest workers from five ethnicities across German regions during the 1960s and 1970s in...

We exploit a novel survey of recently arrived asylum seekers in Germany in order to estimate the degree of intergenerational mobility in education among refugees and compare it to the educational mobility of similar-aged individuals in their region of origin. The findings show that the refugees...

We investigate the hypothesis of failed integration and low social mobility of immigrants. For this purpose, an intergenerational assimilation model is tested empirically on household survey data and validated against administrative data provided by the Italian Embassy in Germany. In line with...

In recent years, Europe has experienced a large influx of refugees. While natives' attitudes toward refugees are decisive for the political feasibility of asylum policies, little is known about how these attitudes are shaped by information about refugees' characteristics. We conducted a survey...

A central concern about immigration is the integration into the labour market, not only of the first generation, but also of subsequent generations. Little comparative work exists for Europe's largest economies. France, Germany and the United Kingdom have all become, perhaps unwittingly,...

We argue in favor of the shareholder model of the firm for three main reasons. First, serving multiple stakeholders leads to ill-defined property rights. What sounds like a fair compromise between stakeholders can easily evolve in a permanent struggle about the ultimate goal of the company....