This paper defines economic slumps as sequences of structural breaks exhibiting a specific pattern. We identify 58 such episodes between 1950 and 2008 among 138 countries, and then examine the phases of decline and their duration. In some countries declines last extremely long, and we put...

The research on private financial transfers between generations lacks a longitudinal perspective. Gifts as intergenerational transfers inter vivos allow us to study the importance of life course events for the chances of receiving transfers. In Germany, gifts are highly private and leave more...

This paper investigates how precisely short-term, job-search oriented training programs as opposed to long-term, human capital intensive training programs work. We evaluate and compare their effects on time until job entry, stability of employment, and earnings. Further, we examine the...

This study investigates whether young unemployed graduates who accept a job below their level of education accelerate or delay the transition into a job that matches their level of education. We adopt the Timing of Events approach to identify this dynamic treatment effect using monthly calendar...

This paper explores the difference between intentions and realizations in return migration with the help of a duration model. Using the GSOEP the results lend support to the fact that people use simplifying heuristics when trying to forecast the future; their return intentions indicate bunching...

This paper investigates inequality in smoking-related mortality risk, focusing on the intergenerational transmission of smoking. We estimate a latent factor model for smoking initiation, cessation and mortality risk using the British Health and Lifestyle Survey (HALS). The empirical analysis...

This paper investigates formation of expected longevity in an elderly popu- lation. We use Italian data from the early (2004) release of the Survey of Health, Ageing and Retirement in Europe (SHARE). The SHARE provides a numerical measure for subjective survival probability (SSP). To assess...

Duration models for lifespan and smoking, that focus on the socio-economic gradient in smoking durations and length of life, are estimated controlling for individual-specific unobservable heterogeneity by means of a latent factor model. The latent factor influences the risk of starting and...

While current work on socioeconomic inequality in cancer looks at lifetime incidence of cancer, it is more informative to consider survival times: healthy time lived without cancer. This paper uses the rst wave of, and latest longitudinal follow-up to, the Health and Lifestyle Survey (HALS) to...

Why do well-educated people live longer? We use unique and high-quality data on about 50,000 monozygotic and same-sex dizygotic twins, born between 1886-1958, to address this question. We demonstrate a positive and statistically signiÂ…cant relation between years of schooling and longevity,...