Jahrelang wünschen sich viele Eltern mehr Ruhe, mehr Zeit für die Karriere oder Hobbys. Doch sind die Kinder ausgezogen, fallen viele in ein Loch.
Recent studies emphasize the impact of macroeconomic factors on educational attainment. They show that although individual factors like the educational level of one’s parents play a decisive role in determining the human capital accumulation of the children, the cohort size as well as the local labor market seem to have a significant impact, too. This paper analyzes the impact of birth cohort size ...