Many factors have contributed to the euro crisis. Some have been addressed by policymakers, even if belatedly, and European Union member states have been willing to improve the functioning of the euro area by agreeing to relinquish national sovereignty in some important areas. However, the most...

Im Zuge der Osterweiterung der Europäischen Union eröffnen sich für die Beitrittskandidatenländer gute Möglichkeiten, wirtschaftliche Aktivitäten aus Westeuropa und anderswo zu attrahieren und im Pro-Kopf-Einkommen aufzuholen. Der Aufholprozess der Beitrittsländer wird jedoch von...

We exploit the cross?country and time variation in the demographics and education structure of 11 European countries to study how cohort size has affected real earnings in Europe. When we pool the data of all countries, we find that cohort size has a negative and statistically significant effect...