A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real … west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …

concepts is lacking among women, the less educated, and those living in East Germany. In particular, those with low education …We examine financial literacy in Germany using data from the SAVE survey. We find that knowledge of basic financial … and low income in East Germany have little financial literacy compared to their West German counterparts. Interestingly …

economic mobility. Using standard measures of mobility (with panel data for the western states of Germany and the U.S.) over … the entire period 1984-2006, we find the conventional result that income mobility is greater in Germany. But when we cut … significantly over the years immediately following reunification in Germany but not in the U.S …

to East Germany in 1989 experience a persistent rise in their personal incomes after the fall of the Berlin Wall … within a given West German region invest in East Germany. As a result, West German regions which (for idiosyncratic reasons … capita in the early 1990s. A one standard deviation rise in the share of households with social ties to East Germany in 1989 …

Italy and Germany have similar geographical differences in productivity – North more productive than South in Italy …; West more productive than East in Germany – but have adopted different models of wage bargaining. Italy sets wages based on … nationwide contracts that allow for limited local wage adjustments, while Germany has moved toward a more flexible system that …

I explore the effects of education on nonmarket outcomes from both theoretical and empirical perspectives. Examples of … over time, own (adult) health and inputs into the production of own health, fertility, and child quality or well …-being reflected by their health and cognitive development. I pay a good deal of attention to the effects of education on health …

data from Turkey and leveraging an education reform which increased mandatory schooling by three years, we find that the …

village. We find that the fall in fertility preceded the rise in education by several decades. Demographic change is plausibly … fertility, mortality, human capital and intergenerational mobility, looking for structural breaks associated with the French … education occurred mostly as the result of an increase in the supply of schooling due to the Guizot Law, rather than demand side …