Child care and education are important inputs in the human capital production function. The research of Nobel prize winner James Heckman shows that skills are built from the early childhood on and increase the returns of later educational inputs, in short: skill begets skill. Therefore, it is...

This volume was prepared by Benedikt Siegler while working at the Center for the Economics of Education of the Ifo Institute. It was completed in June 2014 and accepted as a doctoral thesis by the Department of Economics at the University of Munich (LMU) in November 2014. The thesis includes...

This dissertation comprises of three stand-alone research papers, all considering the use of high frequency financial data for financial market risk measurement. The first chapter considers the extraction of liquidity information from the intraday limit order book to enhance the daily market...