The consequences of early motherhood for the offspring are severely understudied, especially in low- and middle-income countries, where this phenomenon is prevalent. Using panel data from India, this paper investigates the effect of early maternal age on offspring human capital in terms of...

This paper studies the causal effect of giving first birth and how that effect changes by the 2007 reform in parental benefits in Germany. We further investigate how the reform affects the selection of women into motherhood and how that selection effect affects labor market outcomes. A large...

This paper shows that the rising male surplus has strengthened marriage distortions in China by causing an increase in brideprice payments. The identification relies on comparison between siblings from the same natal family who are born in different birth years and thus exposed to various...

Istanbul metropolitan region is the economic heart of Turkey, which is generally listed among the emerging economies of the last decade. Although compared to other European regions foreign capital and investment are underrepresented in Istanbul, economic growth and the stability of Turkey in the...

Does trade improve institutions and contribute to long run growth? I develop a theory of trade, in which trade liberalization provides incentive to change institutions in two ways. On the one hand, trade leads to specialization according to comparative advantage, expanding the industries that do...

Each year since 1971, the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland, has attracted the leadership of global corporations, governmental and non-governmental organizations, as well as other public figures. However, attending the Davos summit is costly for companies with...

During the 20th century all economic structures underwent the impact of two epochal phenomena, the communications revolution and the financialization of economy. As a consequence of the never ending technological progress, the first has repeatedly reduced the friction of distance, provoking a...