This paper demonstrates the important link between the incomes and wealth of pensioners and their working-life earnings levels. It uses the combination of detailed income and asset information and working-life history information available in the British Household Panel Survey. The proportionality predicted by a simple “stripped down” form of the life-cycle model is supported for pensioner coup...

We investigate the geometry of finite datasets defined by equilibrium prices, income distributions, and total resources. We show that the equilibrium condition imposes no restrictions if total resources are collinear, a property that is robust to small perturbations. We also show that the set of equilibrium datasets is pathconnected when the equilibrium condition does impose restrictions on dat...

The German Economy is not only affected by the Unification of Germany but by a significant influx of immigrants from abroad and huge migration from East to West Germany around the date of unification. Data from the German Socio-Economic Panel Study (GSOEP) allows to disentangle those effects by decomposition of the Theil I (0)-Index of inequality. In addition, the paper offers insights in the t...

I study how the relative efficiency of high- and low-skill labor varies across countries. Using microdata for countries at different stages development, document that differences in quantities wages are consistent with high-skill workers being relatively more productive rich exploit variation skill premia foreign-educated migrants to discriminate between two possible drivers this pattern: cross...

The old-age security motive for fertility postulates that people’s needs support raise the demand children. We exploit extension of social pensions in Namibia during 1990s to provide a quasi-experimental quantification this widespread idea. reform eliminated inequalities pension coverage and benefits across regions ethnic groups. Combining differences pre-reform exposure cohorts, we show substa...

Online professional networking platforms are widely used and may help workers to search for obtain jobs. We run the first randomized evaluation of training work seekers join use one largest platforms, LinkedIn. Training increases end-of-program employment rate by 10 percent (7 percentage points), this effect persists at least 12 months. The available employment, platform use, job data suggest t...

Employment may be important to well-being for reasons beyond its role as an income source. This paper presents a causal estimate of the psychosocial value employment in refugee camps Bangladesh. We involve 745 individuals field experiment with three arms: control arm, weekly cash and arm equal value. raises substantially more than alone, 66 percent employed are willing forgo payments continue w...


 Since the growing interest in study of dynamics tourism and its implications for economic growth, this paper explores Latin America Caribbean case. From regimes’ conception time series symbolization, we perform a cluster analysis posterior causality relationship estimation between growth performance 22 countries considering period 1995 2015. Results show existence two clusters with simil...

This paper uses Granger non–causality tests to analyze if channel competition exists between the companion websites of 93 German newspapers observed between I/1998 and II/2005. It provides econometric evidence for significant negative effects of companion website traffic on the print circulation of national newspapers and for significantly positive effects on local newspapers, at least for the ...

The authors address the issue of estimation and inference in dependent nonstationary panels of small cross-section dimensions. The main conclusion is that the best results are obtained applying bootstrap inference to single-equation estimators, such as fully modified ordinary least squares and dynamic ordinary least squares. Seemingly unrelated regression estimators perform badly, or are even u...