How do students’ earnings expectations differ by being the first in their family to attend university (FiF) and how do they affect field of study choice? We leverage unique survey and administrative data to document sizable gaps in expected earnings between FiF and non-FiF students. Our data can explain two-thirds of this gap, with the largest share attributable to field of study choice. We show that ...
This project investigates the underlying causes of gender gaps in the labor market, emphasizing skill mismatches, task divisions, social norms, and implicit gender biases. By employing quasi- and survey-experimental methods with data from Germany and OECD countries, the research examines policies like parental leave and public child care. It explores the effects of these factors on skill...
For central banks, official communications serve as essential monetary policy instruments: In press releases, speeches, and interviews, central banks explain their decisions, manage expectations, and promote confidence in their strategy. This Weekly Report analyzes European Central Bank (ECB) communications from January 2019 to March 2025 using a specially trained artificial intelligence (AI) text ...
