National surveys follow consumers’ expectations of future inflation, because these may directly affect the economic choices they make, indirectly affect macro-economic outcomes, and are considered in monetary policy. Yet, relatively little is known about how individuals form the inflation...

In this paper, the authors analyze the decision by teachers to leave the profession. Their results affirm the importance of relative earnings in the tenure and turnover decisions of teachers. The econometric modeling approach used yields important insights into the appropriateness of adopting a...

The authors investigate the effect of serving in the military in the Netherlands on future earnings. Estimating the cost or benefit of military service is complicated by the complex selection mechanisms that determine who eventually serves in the military. In this paper, the authors use...