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The welfare state is not merely a stand-in for missing markets; it can do a whole lot more. When generations overlap and the young must borrow to make educational investments, a dynamically-efficient welfare state, by taxing the middle-aged and offering a compensatory old-age pension, can...
Persistent link: https://www.econbiz.de/10013077021
We describe a “business as usual” (BAU) economy in which pollution is a by-product of productive activity by the current generation but “damages” production for future generations. Over time, conditions in the BAU economy become dire: it gets increasingly polluted, consumption falls and...
Persistent link: https://www.econbiz.de/10012981351
How important is mastering information and communication technology (ICT) in modern labor markets? We answer this question with unique data on ICT skills tested in 19 countries. Our two instrumental-variable models exploit technologically induced variation in broadband Internet availability that...
Persistent link: https://www.econbiz.de/10012997356
shares, students' academic skills, and parents' entrepreneurial occupation … effect of private-school competition on students' entrepreneurial intentions. We exploit Catholic-Church resistance to state … instrumental-variable results suggest that a 10 percentage-point higher private-school share raises students' entrepreneurial …
Persistent link: https://www.econbiz.de/10013142145
Why are better educated and more risk-friendly persons more mobile across regions? To answer this question, we use micro data on internal migrants from the German Socio-Economic Panel (SOEP) 2000-2006 and merge this information with a unique proxy for region-pair-specific cultural distances...
Persistent link: https://www.econbiz.de/10013100274
overall null effects. Effects are larger for high-SES students and mostly confined to developed countries …
Persistent link: https://www.econbiz.de/10013024687