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Parental Unemployment and the Transition into Tertiary Education: Can Institutions Moderate the Adverse Effects?

This paper examines how parental unemployment affects the transition to postsecondary education in different institutional contexts. Drawing on theoretical perspectives in intergenerational mobility research and sociology of higher education, we estimate the extent to which these intergenerational effects depend on social and education policies. We use data from five longitudinal surveys to analyze ...

The Intergenerational Effects of Unemployment: How Parental Unemployment Affects Educational Transitions in Germany

This paper studies the intergenerational effects of parental unemployment on students’ transitions after completing upper secondary education. Besides estimating the average treatment effect of parental unemployment on transition outcomes, we also aim to identify the economic, psychological or other intra-familial mechanisms that might be responsible for any adverse impact of parental unemployment ...

How Do Fuel Taxes Impact New Car Purchases? an Evaluation Using French Consumer-Level Data

This study evaluates the impact of fuel taxes on new car purchases, using exhaustive individual-level data of monthly new car registrations in France. We use information on the car holder to account for heterogeneous preferences across purchasers, and we identify demand parameters through the large oil price fluctuations of this period. We find that the short-term sensitivity of demand with respect ...

Net Neutrality: Prioritization Is Beneficial from an Economic Perspective

The principle of net neutrality was adopted by the European Union as a regulation promoting equality among all data packets in the Internet. Considering net neutrality from a purely economic viewpoint, however, the general possibility to prioritize data packets would likely lead to a more efficient use of existing network capacity. This is particularly applicable given the growth in data traffic and ...

Non-cognitive Skills and the Quality of Early Education: Four Essays in Applied Microeconomics

This dissertation consists of four independent chapters which contribute to the economic analysis of non-cognitive skills and the quality of education. These chapters are preceded by a comprehensive introduction that motivates the individual research questions and indicates common and complementary contributions of the four main chapters. The chapters are followed by a conclusion that discusses potential ...

Common Ownership and Market Entry: Evidence from Pharmaceutical Industry

Common ownership - where two firms are at least partially owned by the same investor - and its impact on product market outcomes has recently drawn a lot of attention from scholars and practitioners alike. Theoretical and empirical researchsuggests that common ownership can lead to higher prices. This paper focuses on implications for market entry. To estimate the effect of common ownership on entry ...

The Impact of Institutions on Bank Governance and Stability: Evidence from African Countries

This paper sheds new light on how African countries’ legal systems and institutions influence the governance and stability of their banks. We find that institutional factors, in particular the legal family of origin, political stability, contract enforcement and strength of investor protection promote central corporate governance reforms. Using a difference-in-difference approach, we also reveal that ...

Later pension, poorer health? Evidence from the new State Pension age in the UK

A stabilization fund can make the euro area more crisis-proof

Reorganizing European fiscal policy is a main topic in current reform considerations. In particular, the creation of a European stabilization mechanism is being discussed. This study examines the macroeconomic effects of a stabilization fund, the economic consequences of which are analyzed in an equilibrium model. The model shows that a stabilization fund reduces economic fluctuations and is thus a ...

A Stabilization Fund Can Make the Euro Area More Crisis-Proof

Reorganizing European fiscal policy is a main topic in current reform considerations. In particular, the creation of a European stabilization mechanism is being discussed. This study examines the macroeconomic effects of a stabilization fund, the economic consequences of which are analyzed in an equilibrium model. The model shows that a stabilization fund reduces economic fluctuations and is thus a ...