Projected demographic changes in industrialized countries will reduce the share of the working-age population. Analyses based on standard OLG models predict that these changes will increase the capital-labor ratio. Hence, rates of return to capital decrease and wages increase with adverse...

Using a unique survey database of 8265 firms from 25 transition economies, I find that lack of access to finance in general, and to bank credit in particular, is associated with significantly lower investment in on-the-job training. This effect is stronger in education-intensive industries and...

The $PEQUV-File is based on the Cross-National Equivalent File (CNEF) with extended income information for the SOEP. This file comprises not only the aggregated income figures provided in the CNEF but also further single income components. The CNEF is a joint effort of researchers and staff...