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By allowing for imperfectly informed markets and the role of private information, we offer new insights about observed deviations of portfolio concentrations in domestic relative to foreign risky asse...
In this paper, we focus on possible causal mechanisms behind the intergenerational transmission of human capital. For this purpose, we use both an adoption and a twin design and study the effect of pa...
In this paper we show that the patenting behavior of creative entrepreneurs is correlated with the patenting behavior of their fathers, which we refer to as a source of the entrepreneurs' human capita...
This paper suggests that the weak empirical effect of human capital on growth in existing cross-country studies is partly the result of an inappropriate specification that does not account for the dif...
The implications of human capital portability – including interactions between education, language skills and pre- and post-immigration occupational matching – for earnings are explored for new immigr...
Denmark's registry data provide accurate and complete career history data along with detailed personal characteristics (e.g., education, gender, work experience, tenure and others) for the population ...
A number of studies have shown that childhood speech impairments such as stuttering are associated with lower test scores and educational attainment. However, it is unclear whether this result is caus...
Conditional Cash Transfers (CCT) are programs under which poor families get a stipend provided they keep their children in school and take them for health checks. While there is significant evidence s...
In this paper we provide an overview of China’s human capital strategy and educational achievements over the last two decades. While every one acknowledges China as an economic superpower, very few ar...
This paper uses variation created by parental deaths in the amount of time children spend with each parent to examine whether the parent-child correlation in schooling outcomes stems from a causal rel...
This paper investigates how family size affects children’s human capital, comparing Italy and France. We tested the dilution effect in these countries, starting with the assumption that the higher the...
In 2000 the European Union founded knowledge economy setting the goal of making Europe the most competitive and dynamic knowledge based economy in the world. The development of a modern knowledge econ...
Parental socioeconomic status(SES) may affect a child’s educational outcomes through a number of pathways, one of which is the child’s health. This essay asks two questions: What evidence exists about...
This chapter seeks to set out what economists have learned about the eects of early childhood inuences on later life outcomes, and about ameliorating the eects of negative inuences. We begin with ...
This paper develops a model of the wage histories of dislocated workers. Similar to labor force re-entrants, those dislocated workers who become re-employed would experience wages below their final wa...

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