We explore the relationship between reported job satisfaction and own wage, relative wage and average comparison group wage; allowing for asymmetry in these responses across genders. We find that the choice of relevant comparison group is affected by gender in Britain; men display behaviour...

This paper develops a two-sector general equilibrium model in which firms in the primary economy have to create workplaces prior to production and product market competition. For this, we introduce the endogenous sunk cost approach with two-stage decisions of firms from IO in the macro-labor...

Die Arbeitsgruppe Beschäftigung der von NRW-Ministerpräsident Jürgen Rüttgers eingesetzten "Zukunftskommission" hat umfassende Empfehlungen für die künftige Wirtschafts- und Arbeitsmarktpolitik in Nordrhein-Westfalen vorgelegt. Das Papier der von IZA-Direktor Klaus F. Zimmermann geleiteten...

Das Arbeitsmarktprogramm des Instituts zur Zukunft der Arbeit benennt die wichtigsten Aufgaben der Arbeitsmarktpolitik für die nächste Legislaturperiode und darüber hinaus. Thematische Schwerpunkte des IZA-Programms sind unter anderem die Schaffung von Erwerbsanreizen durch das...

(Title: Active Labor Market Policy and its Evaluation: The Current State of Affairs) Despite the considerable effort and the large financial expenditures spent on measures of Active Labor Market Policy in Germany, relatively little is known about their actual impact. To the contrary, past...

There is considerable disagreement in the academic literature about whether raising school expenditure improves educational outcomes. Yet changing the level of resources is one of the key policy levers open to governments. In the UK, school expenditure has increased by about 40 per cent in real...

This paper develops two methods for estimating the effect of schooling on achievement test scores that control for the endogeneity of schooling by postulating that both schooling and test scores are generated by a common unobserved latent ability. These methods are applied to data on schooling...