This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion. A key result...

Identifying the effect of parental incomes on child outcomes is difficult due to the correlation of unobserved ability, education levels and income. Previous research has relied on the use of instrumental variables to identify the effect of a change in household income on the young adult...

It has been reported that there is dramatic increase of female workers into manager level jobs during last few decades in the US labor market. Using Standard & Poorś Compustat ExecuComp database over 14 years (1992 - 2005), this paper examines whether the glass ceiling in the executive market...

We use Woodcock Johnson III child assessment data in the New Immigrant Survey to examine language assimilation and test score bias among children of Hispanic immigrants. Our identification strategy exploits the test language randomization (Spanish or English) to quantitatively measure the degree...

Die vorliegende Arbeit liefert durch die Erprobung von verschiedenen Selektionskriterien neue Erkenntnisse in der Frage um die Persistenz von Fondsrenditen. Zur Analyse wird ein Sample bestehend aus aktiven US-Aktienfonds von Morningstar über den Zeitraum von 1996 bis 2005 analysiert. Durch die...

Although business ownership has implications for income inequality, wealth accumulation and job creation, surprisingly little research explores why Mexican-Americans are less likely to start businesses and why the businesses that they start are less successful on average than non-Latino whites....

This paper discusses (a) the role of cognitive and noncognitive ability in shaping adult outcomes, (b) the early emergence of differentials in abilities between children of advantaged families and children of disadvantaged families, (c) the role of families in creating these abilities, (d)...

We study the steady state of an overlapping generations economy where singles search for spouses. In our model economy men and women live for many years and they differ in their fecundity, in their earnings, and in their survival probabilities. These three features are age-dependent and...

This paper presents a critical review and synthesis of recent research on the role of religion in economic and demographic behavior in the United States. Relationships reviewed include the effects of religion on investments in human capital, labor supply and wealth accumulation; union formation...