Wir untersuchen, wie stark der Bildungs- und Arbeitsmarkterfolg in Österreich vom familiären Hintergrund abhängt. Dafür berechnen wir erstmals für Österreich die Korrelation von Bildung und Einkommen bei Geschwistern. Diese Methode benötigt weniger detaillierte Daten als bisher verwendete...

Using data from the British Household Panel Survey, we investigate the relationships between labour market dynamics, housing tenure and residential mobility. Panel data allow the study of the sequence of household moves and individual labour market status changes, enabling unique analysis of the...

Estimates based on couples with dependent children in the first eight years of the British Household Panel Study (1991-98) indicate that changes in a couple's economic circumstances affect the probability that a partnership dissolves. In particular, unexpected improvements in finances...

The importance of auction theory has gained increased recognition in the scientific community, the latest recognition being the award of the Nobel price to Vickrey and Mirrlees. Auction theory has been used in quite different fields, both theoretically and empirically. This paper connects recent...

Using data from the Vienna Stock Exchange we investigate three different types of consumption based capital asset pricing models: the well known two state model of Mehra and Prescott, the model of Rietz, which includes also a crash state, and an own four state model. The aim of this Vienna Stock...

Whereas there is widespread belief that workers in temporary help services (THS) are subject to poorer working conditions, in particular pay, than comparable workers in the rest of the economy, there is little evidence on whether that is driven by the sector per se or by the workers'...

In many countries, social security insures firms against their workers' sickness absences. The insurance may create a moral hazard for firms, leading to inefficient monitoring of absences or to an underinvestment in the prevention of absences. We exploit an administrative threshold in the...