We study the effects of liquidity constraints and start-up costs on the relationship betweenwealth and the fraction of entrepreneurs in an economy. We develop a dynamic occupationalchoice model with endogenous wealth and entry into entrepreneurship...

Using a standard dynamic general equilibrium model, we show that the interaction of staggered nominal contracts with hyperbolic discounting leads to inflation having significant long-run effects on real variables...

This paper theoretically and empirically analyzes the interaction of emigration of highly skilled labor, an economy`s income gap to potential host economies of expatriates, and optimal public infrastructure investment. In a model with endogenous education and R&D investment decisions we show...

This paper updates and extends the Docquier-Marfouk data set on international migration byeducational attainment. We use new sources, homogenize definitions of what a migrant is,and compute gender-disaggregated indicators of the brain drain. Emigration stocks and ratesare provided by level of...

This paper examines whether family and community migration experience affect theprobability of high school graduation in Mexico once unobserved heterogeneity is accountedfor. Bivariate random effects dynamic probit models for cluster data are estimated to controlfor the endogeneity of education...

This paper examines resident foreigners´ interest in German citizenship. The study focuseson the roles played by attitudes towards foreigners, political interest of foreigners,intergenerational conflict between natives and foreigners and among foreigners themselves,and regional differences in...

The paper advocates for a new measure of the ethnic identity of migrants, models itsdeterminants and explores its explanatory power for various types of their economicperformance...

With globalization, the size of migration and the value of ethnicity is rising. Also Cyprusundergoes a strong process of change while experiencing large inflows of migration. Thepaper investigates the challenges and the potentials of migration from a European Unionperspective...

We present a general model of child labor that incorporates the various componentspresented in the literature as explanations for its existence. Our proposal is to mitigate thephenomenon by encouraging temporary emigration...