We consider the welfare effects of skilled worker emigration in a context where skilled labor plays a role in product design. We show such emigration can benefit the residents left behind, even when consumers tastes exhibit a form of home bias...

It is argued that migration from Mexico to the US and its corresponding return migration aredetermined by international wage differentials and preferences for origin. We use a model ofjob search, savings and migration to show that job turnover is a crucial determinant of themigration process...

What is the impact of joining the European Union on a small, less developed economy? This is the generalquestion driving this research paper. In particular, the role of factor movements in explaining real wagebehavior in Portugal after its entry in the European Union (EU) is quantitatively...

This paper describes portfolio choices of German households in the 1980s and 1990s, presenting stylized facts and analyzing recent trends in asset ownership rates and asset shares on the basis of financial accounts and survey data...

In diesem Arbeitspapier werden die Ergebnisse einer schriftlichen Befragung von 330 Schülerinnen und Schülern an drei ländlich-kleinstädtischen Grundschulen in Nordrhein-Westfalen und Niedersachsen vorgestellt. Gegenstand der Fragen waren das Taschengeld und das Sparverhalten. Die erhobenen...

The “Golden Age” of post-war European economic growth has witnessedextraordinary changes not only in the economic, but also in the social andcultural outlook of Western European societies. Eric Hobsbawm’s statementthat “[h]istorians of the twentieth century in the third millennium will...