As global migration flows increase, so do the number of migrant students in host country schools. Yet migrants' achievement scores lag well behind those of their nativeborn schoolmates. Performance gaps are explained largely by differences in migrant parents' socio-economic background, cultural...

The rising trends both in drug addiction and crime rates are of major public concern in Germany. Surprisingly, the economic theory of crime seems to ignore the drugs-crime nexus, whereas the criminological literature considers illicit drug use a main reason of criminal activities. This paper...

Zusammenfassung Die Analyse von Paneldaten für Deutschland und Portugal und die Schätzung von Matching- Funktionen für Berufsgruppen zeigt in Deutschland eine fallende und in Portugal eine steigende Effizienz des Matching-Prozesses. Löhne in Deutschland und Mindestlöhne in Portugal sind...

Summary We study the response of the German stock market index DAX to the announcement of macroeconomic business cycle forecasts. Returns are computed using high-frequency data observed for 15-second intervals. Publications of macroeconomic US indicators at 2:30 p.m. (CET) have temporary and...

Summary In this paper data from a survey of 1,771 inmates conducted in 31 German prisons provide microeconometric evidence on the relationship between individual anticipated labour market opportunities and the perceived probability of future recidivism. Results show that inmates with poor labour...

The CFS survey covers individual situations of banks and other companies of the financial sector. This provides a rare opportunity to analyse appraisals, expectations and forecast errors of the core sector of the recent financial crisis. Following standard ways of aggregating individual survey...