We investigate the intergenerational welfare implications of Generational Accounting when it is used as the basis of intertemporal fiscal policy decisions. In particular, we consider an economy with a PAYGO social security system out of steady state due to a permanent fall in fertility.

In a large representative sample of young Norwegian workers, we estimate gross transitions to unemployment, education, and other exits in a multinomial logit. In line, with received literature, we find that individuals with high education, experience, and income have significantly lower...

Establishing causal relationships in social policy evaluation is important, but difficult due to sample selection. To evaluate the performance of estimators designed to handle sample selection bias we analyse data from a Norwegian rehabilitation project with a randomised experimental design. The...

We explore optimal search for individual improvement when agents start with different confidence in own ability. The initial self-confidence may be determined by nature or socio-economic factors.