Heterogeneity in longevity between socioeconomic groups is increasingly documented for developed economies and is reviewed in the paper. Heterogeneity in life expectancy disaggregated by main socioeconomic characteristics – such as age, gender, race, health, education, profession, income, and...

Die deutsche Bevölkerung durchläuft in den nächsten Jahrzehnten einen demographischen Alterungsprozess, der als erstes die Erwerbsbevölkerung erfasst. Dieser Beitrag diskutiert die ökonomischen Folgen dieser Entwicklung. Direkte Arbeitsmarkteffekte einer schrumpfenden und alternden...

Die deutsche Bevölkerung durchläuft in den nächsten Jahrzehnten einen demographischen Alterungsprozess, der als erstes die Erwerbsbevölkerung erfasst. Dieser Beitrag diskutiert die ökonomischen Folgen dieser Entwicklung. Direkte Arbeitsmarkteffekte einer schrumpfenden und alternden...

What do the education premiums look like over the life cycle? What is the impact of schooling on lifetime earnings? How does the internal rate of return compare with opportunity cost of funds? To what extent do progressive taxes attenuate the incentives to invest in education? This paper...

Numerous studies regress log earnings on schooling and report estimated coefficients as Mincer rates of return. A more recent literature uses instrumental variables. This chapter considers the economic interpretation of these analyses and how the availability of repeated cross section and panel...

Numerous studies regress log earnings on schooling and report estimated coefficients as "Mincer rates of return". A more recent literature uses instrumental variables. This chapter considers the economic interpretation of these analyses and how the availability of repeated cross section and...

What do the education premiums look like over the life cycle? What is the impact of schooling on lifetime earnings? How does the internal rate of return compare with opportunity cost of funds? To what extent do progressive taxes attenuate the incentives to invest in education? This paper...

We present new estimates of the internal rate of return to early childhood education. Utilizing the nationwide expansion of preschool education in Japan between 1960 and 1980, we initially assess the impact of preschool attendance on high school graduation and college enrollment for men....

Using a unique dataset of German members of parliament with information on total earnings including outside income, this paper analyzes the politicians’ wage gap (PWG). After controlling for observable characteristics as well as accounting for selection into politics, we find a positive PWG...

The public sector employs a large share of the labor force to execute important functions (e.g. regulation and public good provision) in an environment beset by severe agency problems. Attracting workers who are motivated to serve the public interest is important to mitigate these problems. We...