Using a sample of high-school students from North Rhine-Westphalia, I find evidence that noncognitive skills significantly increase performance in school and success in professional life as well as happiness at age forty-three. Since test scores for cognitive skills are available for the...

The purpose of this paper is to investigate environmental policy making from a positive point of view. Unlike traditional normative economic policy analyis, this paper is thus not concerned with advancing policy recommendations for the benefit of the policy makers. Jts objective is rather to...

Rare books of political economy are eminently collectable. Using historical prices, I employ hedonic regressions to estimate financial returns to collecting the works of ten eminent political economists and develop a price index for this corpus of collectables. For the observation period...