We study the contribution of parental similarity in schooling levels to the intergenerational transmission of educational attainment. We develop an empirical model for educational correlations within the family in which parental sorting can translate into intergenerational transmission, or...

Using recently-available data from the New Immigrant Survey, we find that previous selfemploymentexperience in an immigrant´s country of origin is an important determinant oftheir self-employment status in the U.S., increasing the probability of being self-employed byabout 7 percent...

Despite the increased frequency of job loss for older workers in Europe, little is known on itseffect on the work-retirement decision. Employing individual data from the EuropeanCommunity Household Panel for Germany, Italy, Spain, and the U.K., a multivariatecompeting-risks hazard model is...

Many studies have explored the determinants of entering into entrepreneurship and thedifferences in self-employment rates across racial and ethnic groups. However, very little isknown about the survival in entrepreneurship of immigrants to the U.S. and theirdescendants...

We investigate the direct and long-run effects of fertility on employment in Europe estimating dynamic models of labor supply under different assumptions regarding the exogeneity of fertility and modeling assumptions related to initial conditions, unobserved heterogeneity and serial correlation...

This paper questions the perceived wisdom that migrants are more risk-loving than the native population. We employ a new large German survey of direct individual risk measures to find that first-generation migrants have lower risk attitudes than natives, which only equalize in the second generation.

This paper analyzes the effect of delayed motherhood on fertility dynamics for women living in several European countries, which differ in terms of their institutional environments. We show that the effect of delaying the first child on the transition to the second birth differs both among...