Political regimes influence contents of education and criteria used to select and evaluate students. We study the impact of a socialist education on the likelihood of obtaining a college degree and on several labor market outcomes by exploiting the reorganization of the school system in East...

A growing body of literature shows the importance of financial literacy in house-holds' financial decisions. However, fewer studies focus on understanding the determinants of financial literacy. Our paper fills this gap by analyzing a specific determinant, the educational system, to explain the...

Das reale Bruttosozialprodukt in den Industrieländern ist im ersten Halbjahr 1990 mit einer laufenden Jahresrate von etwa 2,5 vH gestiegen. Damit hat sich die wirtschaftliche Expansion seit Mitte 1988 merklich verlangsamt (Schaubild 1); dies war von den wirtschaftspolitischen Instanzen...