There are few studies on occupational choices in Germany, and second-generation occupational choice and mobility is even less investigated. Such research is important because occupations determine success in the labour market. In a country like Germany occupations also reflect a general...

This paper examines the question of whether risk aversion of prime-age workers is negatively correlated with human height to a statistically significant degree. A variety of estimation methods, tests and specifications yield robust results that permit one to answer this question in the...

This paper examines the consequences of international financial integration in a two–sector heterogeneous–agent dynamic general equilibrium model of occupational choice with financial constraints and idiosyncratic risks. We discuss the macroeconomic and distributional effects of financial...

Using longitudinal data from the GSOEP-PSID Equivalent File 1980-2002 we analyze the extent and structure of intergenerational occupational mobility and the determinants of occupational choice in Germany and the United States � two countries with different social role patterns. We find...

The article directs attention to the structuring effects of humancapital variables and family-background characteristics on labor supply decisions, occupational segregation, and intergenerational income mobility in the United States and Germany - two countries with different institutional labor...

Due to low cognitive capacities, small children need their parents to decide all the small and large decisions in life as substitute decision makers. The long-lasting consequences of these decisions usually have to be borne by the child itself. Hence, children's development depends particularly...

This paper examines the question of whether risk aversion of prime-age workers is negatively correlated with human height to a statistically significant degree. A variety of estimation methods, tests and specifications yield robust results that permit one to answer this question in the...

In many countries substance abuse is a social epidemic. This paper deals conceptually with some macroeconomic aspects of widespread substance abuse with special reference to narcotic drugs. The labour force is divided into non-using and therefore fully productive workers, a number of whom are...