In this paper we study the relationship between financial literacy and self-employment. We use established financial knowledge-based questions to measure financial literacy levels. The analysis shows a highly significant correlation between self-employment and financial literacy scores. To...

The study focuses on the question of whether or not productivity estimates are biased due to the emergence of a new input that is usually omitted: temporary agency worker (TAW). The study analyzes labor productivity and TFP by means of a structural approach using a representative dataset of...

In the German school and vocational education systems, there is a wide range of support measures during school-to-work transition. We analyze a novel program providing mentoring to low-achieving school leavers as a bridge between different stages and different institutional systems in secondary...

This paper estimates the effect of Additional Career Assistance (ACA) on educational outcomes for students in Lower Track Secondary Schools (LTSS) for the area of Freiburg (Germany). The analysis uses individual data during the late 2000's on grades in LTSS and educational outcomes after leaving...

I look at the dynamics of firms when investment decisions interact with occupational choice. To model the implications for firm survival and growth, I extend a neoclassical growth model by an endogenous shutdown condition that is driven by the reservation wage in alternative employment. This...

This study investigates empirically whether fatherhood has a causal effect on earnings inequality among men. Rich register data on life cycle employment and earnings, and fertility histories on brother couples are used to estimate flexible earnings regressions with fixed factors. The main result...

The cultural diversity induced by migration has been proven beneficial to host countries economies and the labor market performance of second generation immigrants is a crucial determinant of integration. Labor market returns to different cultural traits, however, have been rarely studied within...

Regarding gender differences, theory suggests that in a partnership the individual with the lower working hours and earnings position should exhibit lower training participation rates. Since women are more likely to match this description, we investigate whether systematic group differences...

The theory of wage premia for job disamenities exhibits mixed evidence in empirical analysis. In the current study, I employ a rich data set of workplace attributes for 1979-2012 in Germany to show that only those disagreeable workplace characteristics that are related to non-routine cognitive...

We study and compare the importance of human capital acquired at different stages of the life-cycle. We exploit Germany’s unique reunification episode and the sudden restructuring of East Germany’s labor market institutions and education system. We show graphical evidence that earnings,...