We find a U-shaped relation between happiness and religiosity in cross-country panel data after controlling for income levels. At a given level of income, the same level of happiness can be reached with high and low levels of religiosity, but not with intermediate levels. A rise in income causes...

In der Diskussion um die hohe Arbeitslosigkeit geben in der Bundesrepublik die Pessimisten den Ton an. Niedrige Wachstumsraten und ein hohes Rationalisierungstempo, so lautet das Standardargument, würden den Mangel an Arbeitsplätzen weiter vergrößern. Dies muß nicht so sein. Am Beispiel des...

The international empirical evidence on the economics of education reveals one central insight and two puzzles, which are all relevant for the case of the Baltic States. The central insight is that social rates of return to education tend to be higher than the social opportunity costs of...