This paper analyses the effect of the education of the self-employed on the success of their firms during economic downturn and upturn in the 1990s in Finland. We find that the business cycle affects the relative closure rates of firms run by the self-employed with any level of education. Exit...

The main purpose of this paper is to investigate the private returns to education and training for a random sample of women in Malaysia in the 1980s. We estimate a standard Mincerian earnings function, augmented by information on the women's training experience. The results indicate that there...

This paper analyses the savings behaviour of natives and immigrants in Germany. It is argued that uncertainty about future income and legal status (in case of immigrants) is a key component in the determination of the level of precautionary savings. Using the German dataset, we exploit a natural...