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In Germany, the streaming of students into an academic or nonacademic track at age 10 can be revised at later stages of secondary education. To investigate the importance of such revisions, we use administrative data on the student population in the German state of Hessen to measure the...
Persistent link: https://www.econbiz.de/10003634616
This paper analyzes whether immigrant families facing credit constraints adopt a family investment strategy wherein, upon arrival, an immigrant spouse invests in host country-specific human capital while the other partner works to finance the family's current consumption. Using data for West...
Persistent link: https://www.econbiz.de/10003637427
This paper examines return predictability when the investor is uncertain about the right state variables. A novel feature of the model averaging approach used in this paper is to account for finite-sample bias of the coefficients in the predictive regressions. Drawing on an extensive...
Persistent link: https://www.econbiz.de/10003728591
Persistent link: https://www.econbiz.de/10003758395
Based on a theoretical framework on informal, custodial and non-custodial sentencing, the paper provides econometric tests on the effectiveness of police, public prosecution and courts. Using a unique dataset covering German states for the period 19772001, a comprehensive system of criminal...
Persistent link: https://www.econbiz.de/10003759023
Arbeitsmarktentwicklung und die Arbeitsmarktprobleme in Deutschland. Vor diesem Hintergrund erfolgt eine Analyse und Bewertung der Reform von …
Persistent link: https://www.econbiz.de/10003650257
We present evidence for a highly significant interaction between state dependence in individual unemployment risk and the business cycle. The disadvantage from having been unemployed in the previous period is smaller in times of relatively high unemployment and larger in times of low...
Persistent link: https://www.econbiz.de/10003745095
For Germany, we analyse the (relative) effects of participation in several active labour market programmes on the employment prospects of participants. First, our results show that different matching algorithms result in different severe problems of common support. Second, we obtain favourable...
Persistent link: https://www.econbiz.de/10003763131
Using unique recently released nationally representative high-quality longitudinal data at the enterprise level for Germany, this paper presents the first comprehensive evidence on the relationship between exports and profitability. It documents that the positive profitability differential of...
Persistent link: https://www.econbiz.de/10003770907
Persistent link: https://www.econbiz.de/10003783810