We investigate whether a causal interpretation of the robust association between cognitive skills and economic growth is appropriate and whether cross-country evidence supports a case for the economic benefits of effective school policy. We develop a new common metric that allows tracking...

We analyze the intergenerational education mobility of Canadian men and women born to immigrants. A detailed portrait of Canadians is offered, as are estimates of the degree of generational mobility among the children of immigrants. Persistence in the years of schooling across the generations is...

This paper studies the efficacy of immigrant selection based on skill requirements in the Canadian context. The point system results in a much higher skill level than would otherwise be achieved by family preferences. This positive selection is achieved by directly selecting higher skilled...

Attracting skilled immigrants is emerging as an important policy goal for immigrant receiving countries. This article first discusses the economic rationale for immigrant selection. Selection mechanisms of receiving countries are reviewed in the context of deteriorating labor market outcomes for...

We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect of cognitive skills and supports the economic benefits of effective school policy. We develop a new common metric that allows tracking student achievement across countries, over...

Does a high regional concentration of immigrants of the same ethnicity affect immigrant children’s acquisition of host-country language skills and educational attainment? We exploit the exogenous placement of guest workers from five ethnicities across German regions during the 1960s and 1970s...

This paper estimates effects of birth place migration networks and other location attributes on destination choices of internal migrants conditional on migration. We also study heterogeneity in the role of these factors for migrant types who differ by skill group, age at migration, and reason of...

We take advantage of a major compulsory school reform in Turkey to provide novel evidence on the causal effect of education on both the incidence and timing of internal migration. In addition, for the first time in literature, we provide causal effects of education on migration by reason for...

We analyze a general search model with on-the-job search and sorting of heterogeneous workers into heterogeneous jobs. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the max-mean wage differential. The latter measure of...

We argue in favor of the shareholder model of the firm for three main reasons. First, serving multiple stakeholders leads to ill-defined property rights. What sounds like a fair compromise between stakeholders can easily evolve in a permanent struggle about the ultimate goal of the company....