The discount rate is a key determinant of investments in human capital and occupational choice. Individuals who are less future oriented - i.e. have a higher discount rate - are less likely to invest in human capital and hence more likely to select into careers with lower and flatter earnings...

This paper explores the effects of labour market conditions at graduation on an individual's work‑life over the following decade. Australians graduating into a state and year with a 5 percentage point higher youth unemployment rate can expect to earn roughly 8 per cent less in their first year...

Contrary to standard search model predictions, prior studies failed to estimate a positive effect of unemployment insurance (UI) on reemployment wages. This paper estimates a positive UI wage effect exploiting an age-based regression discontinuity in Austrian administrative data. A search model...

Contrary to standard search model predictions, prior studies failed to estimate a positive effect of unemployment insurance (UI) on reemployment wages. This paper estimates a positive UI wage effect exploiting an age-based regression discontinuity in Austrian administrative data. A search model...

In this paper we investigate the evolution of the gender wage gap over early careers of skilled workers in Germany using administrative longitudinal data. Advantages of the data for this type of analysis are that we observe complete work and skill accumulation histories from the beginning for up...

In this paper we investigate the evolution of the gender wage gap over early careers of skilled workers in Germany using administrative longitudinal data. Advantages of the data for this type of analysis are that we observe complete work and skill accumulation histories from the beginning for up...