This paper studies the effect of attending a high-quality secondary school on subsequent educational outcomes. The analysis is based on data from the German Socio-Economic Panel Study in which we observe children when they make their secondary school choice (between ages 10-12) and later when...

Unter Ökonomen setzt sich verstärkt die Erkenntnis durch, dass für die Erklärung ökonomischen sowie generellen Verhaltens neben kognitiven Fähigkeiten auch Faktoren wie soziale Fertigkeiten und Wertvorstellungen eine wichtige Rolle spielen. Entsprechend wird in ökonomischen...

In den vergangenen Jahren ist die Zahl der Studienanfängerinnen und -anfänger an deutschen Hochschulen deutlich gestiegen. Ihren bisherigen Rekordwert erreichte sie im Studienjahr 2011: Damals schrieben sich 518 700 Studienanfängerinnen und -anfänger erstmals an einer deutschen Hochschule...

Several German states recently introduced tuition fees for university education. We investigate whether these tuition fees influence the mobility of university applicants. Based on administrative data of applicants for medical schools in Germany, we estimate the effect of tuition fees on the...

Applying a financial assets approach, we analyze the returns and earnings risk of investments into different types of human capital. Even though the returns from investing in human capital are extensively studied, little is known about the properties of the returns to different types of human...

Much analysis in macroeconomics empirically addresses economy-wide incentives behind consumer/investment choices by using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize attempts to back up the representative consumer...

Micro-econometric intra-cohort profitability analyses of pay-as-you-go (PAYG) pension contributions are rare. We use representative employment histories of a birth cohort of German PAYG pension insurants retiring in year 2005 to econometrically examine the determinants of the profitability of...