Using a unique dataset for Germany that links individual longitudinal data from the GSOEP to regional data from the federal employment agency and data of real estate prices, we evaluate the impact of neighborhood unemployment on individual employment prospects. The panel setup and richness of...

Using data for the 1990’s, this paper examines the role of sheepskin effects in the returns to education for Japan. Our estimation results indicate that sheepskin effects explain about 50% of the total returns to schooling. We further find that sheepskin effect are only important for workers...