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 in...

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....

This documentation analyses the structure of educational attainment in France and Germany. While France and Germany share in many respects similar socioeconomic structures, they sharply differ with respect to their educational system. First, the three-tiered secondary school system in Germany,...

This documentation analyses the structure of educational attainment in France and Germany. While France and Germany share in many respects similar socio-economic structures, they sharply differ with respect to their educational system. First, the three-tiered secondary school system in Germany,...

The general-equilibrium effects of performance-related teacher pay include long-term incentive and teacher-sorting mechanisms that usually elude experimental studies but are captured in cross-country comparisons. Combining country-level performance-pay measures with rich PISA-2003 international...

An emerging economic literature over the past decade has made use of international tests of educational achievement to analyze the determinants and impacts of cognitive skills. The cross-country comparative approach provides a number of unique advantages over national studies: It can exploit...