In Southern Europe youngsters leave the parental home significantly later than in Northern Europe and United States. Policies have been implemented in Southern Europe to incentivize young adults to leave parental home earlier. Do peer effects among siblings amplify the effects of these policies?...

This paper provides a game-theoretic model of network formation with a continuous effort choice. Efforts are strategic complements for direct neighbors in the network and display global substitution/congestion effects. We show that if the parameter governing local strategic complements is larger...

This paper introduces a simulation algorithm for evaluating the log-likelihood function of a large supermodular binary-action game. Covered examples include (certain types of) peer effect, technology adoption, strategic network formation, and multi-market entry games. More generally, the...

This paper studies optimal targeting policies, consisting of eliminating (preserving) a set of agents in a network and aimed at minimizing (maximizing) aggregate effort levels. Different from the existing literature, we allow the equilibrium network to adapt after a network intervention and...

We document that home ownership of households with 'heads' aged 25-44 years fell substantially between 1980 and 2000 and recovered only partially during the 2001-2005 housing boom. The 1980-2000 decline in young home ownership occurred as improvements in mortgage opportunities seemingly made it...

In this paper we use the two waves of the British Retirement Survey (1988/89 and 1994) to quantify the relationship between socio-economic status and health outcomes. We find that, even after conditioning on the initial health status, wealth rankings are important determinants of mortality and...

We study the effect of pre-primary education on children's subsequent school outcomes by exploiting a unique feature of the Uruguayan household survey (ECH) that collects retrospective information on preschool attendance in the context of a rapid expansion in the supply of preprimary places....

Progress in closing differences in many objective outcomes for blacks relative to whites has slowed, and even worsened, over the past three decades. However, over this period the racial gap in well-being has shrunk. In the early 1970s data revealed much lower levels of subjective well-being...

Die Erwerbstätigkeit befindet sich in Deutschland auf einem Höchststand. Die Ursachen hierfür sind vielfältig und nicht nur in der vor zehn Jahren verabschiedeten Agenda 2010 zu sehen. Das gestiegene Bildungsniveau, die hohe Erwerbsbeteiligung, demografische Aspekte, die schrittweise...

Ireland’s relatively late and feeble fertility transition remains poorly-understood. The leading explanations stress the role of Catholicism and a conservative social ethos. Previous studies rely on evidence that is not sufficient to support firm conclusions. This paper reports the first...