We investigate whether acquiring more education when young has long-term effects on risk-taking behavior in financial … are more likely to invest in the stock market. However, little is known about whether this is a causal effect of education … or whether it arises from the correlation of education with unobserved characteristics. Using exogenous variation in …

regional interpersonal income and educational inequality, also influence wages and education in different ways across welfare …This paper examines whether differences in welfare regimes shape the incentives to work and get educated. Using … microeconomic data for more than 100,000 European individuals, the results show that welfare regimes make a difference for wages and …

We study the evolution of racial educational inequality across US states from 1940 to 2000. We show that throughout … initial racial gap in education and that slavery affects growth indirectly through this channel. …

This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the US over the … possible rationale for recent inequality developments. …

inequality in education and income more persistent across generations. Whether the same is true of inequality in total wealth …, which provides an integrated framework for analysing the local determinants of inequality and growth. Five main conclusions … emerge. First, minor differences in education technologies, preferences, or wealth, can lead to a high degree of …

. Immigrants are less likely to remain employed in consecutive years than natives are and are more likely to stay on welfare and to …-refugee countries display a similar degree of ‘structural’ state dependence as natives. The high welfare participation rates among … refugee immigrants seem to be due to the existence of a ‘welfare trap’, while participation among natives and non …

dependence. In addition, the labour force status of the household head has different effects for native and immigrant welfare …

This paper analyses differences in welfare utilization between immigrants and natives in Sweden using a large panel … data set, LINDA, for the years 1990 to 1996. Both welfare expenditures and immigration increased substantially in Sweden in … the 1990's. We find that immigrants use welfare to a greater extent than natives and that non-refugee immigrants utilize …

in education and discrimination in the labour market to hold. …