The returns to entrepreneurship are monetary and non-monetary. We offer new evidence on these returns using a large sample of genetically identical male twins. Our within-twin analysis suggests that OLS estimates are downwards, and traditional first-differenced panel data estimates upwards...

International student exchange has become an important part of university-level studiesand the EU plans to increase it significantly. Weanalyze how international student exchange affects students’ academic human capital. Usingdetailed student-level data fromfour faculties (Economics and...

Why is invention strongly positively correlated with parental income not only in the US but also in Finland which displays low income inequality and high social mobility? Using data on 1.45M Finnish individuals and their parents, we find that: (i) the positive association between parental income...