The asylum seekers who choose the level of investment in the host-country-specific human capital, and the government of the host country that chooses the probability of naturalization are modeled as optimizing economic agents in a setting not of their choosing.

The global financial crisis triggered by the subprime mortgage crisis in the United States in 2008 revealed the unsustainability of China’s export-led growth regime, which supported the country’s rapid economic growth for over 20 years. Today, the Chinese economy has been forced to break...

We reevaluate the role of human capital in determining the wealth of nations. We use standard human capital theory to estimate stocks of human capital and allow the quality of human capital to vary across countries. Our model can explain differences in schooling and earnings profiles and...

"We analyse the impact of retraining for the unemployed on future labour market success, and estimate effects separately for different target occupations. We use German registry data and apply statistical matching methods. The results show that on average, after a period with strong lock-in...

"This paper investigates the time-varying relationship between German output and employment growth, in particular their decoupling in recent years. We estimate a correlated unobserved components model that allows for both persistent and cyclical time variation in the employment impact of GDP as...

Recent microfinance crises have put into question the effectiveness of microfinance for poverty alleviation. In this context, non-financial services supplied by microfinance institutions re-emerge as a mechanism to strengthen microfinance’s effect on wellbeing through human capital formation....

We examine the extent to which tuition and needsbased aid policies explain important differences in the relationship between family income and postsecondary attendance relationships between Canada and the U.S. Using data from recent cohorts, we estimate substantially smaller attendance gaps by...

We calculate aggregate measures of mismatch in the labour market for 30 European countries. These indicators measure vertical mismatch (related to the level of education, e.g. overeducation, and undereducation) and horizontal mismatch (related to the eld of education) and are comparable across...

The information society represents a new stage of human civilization, a new way of life that implies intensive use of information in all domains of human activity and existence, with a great economic and social impact. The information society gives its members large access to information, a new...

Measures of social mobility provide an extra dimension for testing job search models. The present note tests the dynamic model in [Acemoglu, D., 1999. Changes in unemployment and wage inequality: an alternative theory and some evidence. American Economic Review 89, 1259-1278] with respect to...