We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...

We investigate the effect of peer group composition on language improvement in language classes for adults. Using unique survey data of migrants participating in an intensive language course in Germany, we find that the age and skill composition of groups affect skill acquisition as assessed by...

About 1.4 million refugees and irregular migrants arrived in Europe in 2015 and 2016. We model how refugees and irregular migrants are self-selected. Using unique datasets from the International Organization for Migration and Gallup World Polls, we provide the first large-scale evidence on...

This study analyses the selection of recently arrived asylum seekers from Middle Eastern and African countries in Germany. The findings suggest that, on average, asylum seekers have 22 percent more years of schooling - the indicator used for human capital - when compared to same-aged persons...

I exploit the 1986 Immigration Reform and Control Act (IRCA), which legalized millions of Hispanic migrants in the USA, to study the impact of immigrant legalization on schooling outcomes. Although undocumented migrants are entitled to public education, I find significant post-legalization...