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Top of the Class: the Importance of Ordinal Rank

This paper establishes a new fact about educational production: ordinal academic rank during primary school has long-run impacts on later achievement that are independent from underlying ability. Using data on the universe of English school students, we examine a setting in which the same baseline score on a national standardized test can correspond to different ranks among students situated in...

The gender gap in financial literacy: income, education, and experience offer only partial explanations

In most countries, women have a lower level of financial literacy than men on average. This report demonstrates that differences in income and education and less experience in financial matters only provide a partial explanation for the gender gap. Data from various countries show that cultural differences may also play a role. In order to close the gender gap in financial literacy, schools should ...

"On average, women know less about financial matters than men do in most countries": seven questions for Antonia Grohmann

Ms. Grohmann, you have examined the gender gap in financial literacy. In general, do women know more or less about financial matters than men do? On average, women know less about financial matters than men in most countries. There are exceptions – Thailand and Russia, for example – but in 135 out of 144 countries, women know less about finances than men.  [...] The ...

The Gender Gap in Financial Literacy: Income, Education, and Experience Offer Only Partial Explanations

In most countries, women have a lower level of financial literacy than men on average. This report demonstrates that differences in income and education and less experience in financial matters only provide a partial explanation for the gender gap. Data from various countries show that cultural differences may also play a role. In order to close the gender gap in financial literacy, schools should ...

On Average, Women Know Less about Financial Matters than Men Do in Most Countries: Seven Questions for Antonia Grohmann

Two Price Zones for the German Electricity Market: Market Implications and Distributional Effects

e discuss the implications of two price zones (i.e., one northern and one southern bidding area) on the German electricity market. In the northern zone, continuous increases in capacity with low variable costs cause large regional supply surpluses in the market dispatch, while in the southern zone conventional capacity decreases. As the spatial imbalance of supply and load is increasing, the current ...

School Entry, Afternoon Care and Mothers' Labour Supply

Most literature on the relationship between childcare availability and maternal labour force participation examines childcare for preschool aged children. Yet families must continue to arrange childcare once their children enter primary school, particularly in countries where the school day ends at lunchtime. In this paper we examine the case of Germany, a country that has moved from an exclusively ...

Causes and Consequences of the Aging of the Scientific Workforce

BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.

Identifying the Discount Factor in Dynamic Discrete Choice Models

BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.

Entry, Career Dynamics and Worker Quality in the Labour Market for Talent

BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.