The ranking of colleges varies both across methods and model specifications. Still, earnings equations tend to be consistent with regard to which colleges that on average are found in the top and bottom half of the earnings distribution. Moreover, there are no systematic differences in the...

This paper examines the job mobility of teachers with different skills using matched employer-employee data from Swedish secondary schools. In addition to standard quality measures, I have access to population-wide data on cognitive and non-cognitive assessments of males born in 1951 or later....

This paper examines the determinants of teacher turnover using matched employee-employer panel data from Swedish lower and upper secondary schools in a market-oriented institutional environment with a growing private sector and individually negotiated wages. I find statistically significant and...

This paper examines teachers' mobility in response to exogenous changes in the credentials of their students using data from Stockholm high schools. I explore a major admission reform that lead to the reshuffling of students between schools within the municipality of Stockholm. The results show...

Until the eruption of the 2007-2008 international crisis, the decade was characterized by a high growth of credit - especially credit lines for consumption - and of GDP in a large part of the developed and developing worlds. By the end of the period, the process coincided with increasing...

Central banks invest their foreign exchange reserves predominantly in government bonds. The global accumulation of reserves therefore affects the equilibrium in the market for government bonds of reserve currency countries. By means of a panel data analysis we examine the relationship between...

Central banks' international reserves have increased significantly in the recent past. While this accumulation has been widely perceived as precautionary savings to prevent financial crises, rising reserves might also endanger monetary and financial stability. This paper sheds new light on the...

Countries' capital account policies might be contagious in the sense that domestic policies are driven by other countries' policies. A model of strategic interactions is developed to show that countries' best response to policy changes elsewhere consists in imitating this policy. Using a spatial...

This paper documents and studies the gender gap in performance among associate lawyers in the United States. Unlike other high-skilled professions, the legal profession assesses performance using transparent measures that are widely used and comparable across firms: the number of hours billed to...