Forecasts guide decisions in all areas of economics and finance. Economic policy makers base their decisions on business cycle forecasts, investment decisions of firms are based on demand forecasts, and portfolio managers try to outperform the market based on financial market forecasts....

This paper surveys the empirical evidence on causal effects of education on earnings for Germany and compares alternative studies in the light of their underlying identifying assumptions. We work out the different assumptions taken by various studies, which lead to rather different...

Frontmatter -- Inhalt / Contents -- Abhandlungen/Original Papers -- Guest Editorial "Econometrics of Anonymized Micro Data" -- Data Masking by Noise Addition and the Estimation of Nonparametric Regression Models / Lechner, Sandra / Pohlmeier, Winfried -- The Effect of Microaggregation Procedures...