This paper investigates gender differentials in the aftermath of vocational training in Germany. The study documents the existence of substantial gender wage gaps for the homogeneous group of individuals with completed apprenticeship training. Evidence is presented that the gender differential...

We provide evidence on the extent of ethnic segregation experienced bychildren across secondary schools and neighbourhoods (wards). Using 2001Schools Census and Population Census data we employ the indices ofdissimilarity and isolation and compare patterns of segregation across nineethnic...

In 1958 Jacob Mincer pioneered an important approach to understand how earnings aredistributed across the population. In the years since Mincer’s seminal work, he as well as hisstudents and colleagues extended the original human capital model, reaching importantconclusions about a whole array...

The labor market outcomes of ethnic minorities in advanced societies and their dependenceon social relationships and membership in social networks are important empirical issueswith significant policy consequences...

In this paper we empirically examine differences in search behavior between men andwomen. We assess hypotheses regarding duration of search, wages and tenure. Thehypotheses are derived from two models: the equilibrium search model with discriminatoryfirms by Black (1995) and an opportunity cost...

This study examines the role of individual characteristics, occupation, industry, region, andworkplace characteristics in accounting for differences in hourly earnings between men andwomen in full and part-time jobs in Britain. A four-way gender-working time split (male fulltimers,male...

The emergence of a transitional labor market offers new opportunities to workers, but at thesame time bears the risk of (new) inequalities. This paper deals with unequal chances on thetransitional labor market in the Netherlands, in particular for workers from the four largestimmigrant groups:...

I provide empirical evidence that badly governed firms respond more to aggregate shocks than do well governed firms.(...)

This paper investigates the impact of heterogeneous beliefs of professional investors on the currency options market. Using a unique data set with detailed information on the foreign-exchange forecasts of about 50 market participants over more than ten years, we construct an empirical proxy for...

The aim of this study is to develop a general equilibrium framework linking real estate prices to the real economy. The model is evaluated in terms of its ability to explain: (i) the high volatility of residential real estate prices, (ii) the fact that commercial real estate prices are more...