Using university admission cutoffs that generate exogenous variation in college-major choices, we provide causal evidence that enrollment in a business or economics program leads individuals to invest significantly more in the stock market, earn higher portfolio returns, and ultimately...

Finanzkompetenzen haben für die gesellschaftliche Teilhabe eine hohe Bedeutung. Dieser Beitrag führt eine empirische Evaluation der Determinanten der Finanzkompetenz von Studierenden an einer deutschen Hochschule durch. Ein weiteres Ziel ist auch die Identifizierung der geschlechtsspezifischen...

In this paper, we examine the effect of financial literacy on financial well-being. Using a panel data set of Dutch households over 2011-2020, we find that initial (2011) financial literacy positively impacts future wealth accumulation and income generation. We further document that initial...

This study analyses the relationship between life expectancy and parental education. Based on data from the German Socio-Economic Panel Study and survival analysis models, we show that maternal education is related to children's life expectancy - even after controlling for children's own level...

This paper calculates new measures of human capital. Contrary to the existing literature, they are based on realistic rates of return to education, which are allowed to vary substantially across countries and to some extent over time. The new measures perform well in regression analysis...

This study analyses the relationship between life expectancy and parental education. It extends the previous literature that focused mostly on the relationship between individuals' own education and their life expectancy. Based on data from the German Socio-Economic Panel Study and survival...

This paper investigates the intergenerational effects of education in Japan using a nonparametric bounds approach. The educational levels of parents are considered key factors in explaining children's educational success. Nevertheless, the literature has not reached consensus on the causal...

Using EU-SILC data for 2005 and 2011, we compare the role of family background on labour outcomes in three EU countries that experienced large swings in unemployment during this period. We use a multidimensional family background indicator that avoids undesirable cohort effects. Our results...

In this study, we examine the impact of an individual's education level on her/his mating success by means of a field experiment on the mobile dating app Tinder, using a sample of 3,600 profile evaluations. In line with previous studies from the field of evolutionary psychology, our results...

This paper presents evidence of substantial causal effects of parental education on children's health behaviours and long-term health. We study intergenerational effects of a compulsory schooling increase in Germany after World War II, which was implemented across federal states at different...