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During the age of mass migration (1850–1913), one of the largest migration episodes in history, the United States maintained a nearly open border, allowing the study of migrant decisions unhindere...
When contracting, European merchants could at least partially observe characteristics such as the health, physical strength, and education of indentured servants. These characteristics, unobservable...
Background: In recent years, several studies have reported a positive effect of women’s education on the transition to second births. This finding contradicts the economic theory of fertility. Three e...
In a world where firms pay for credit ratings and (because of regulatory requirements) where some investors must pay attention to the ratings of some specified set of raters, it may well be in the int...
This paper investigates the role of women’s education in the transition to the second child using data from the 1997 German micro-census. We begin our analysis with a simple model, which shows a posit...
In this paper we seek to deepen understanding of out-migration as a social and economic process and to investigate whether cross-sectional earnings assimilation results suffer from selection bias. To ...
We estimate a structural dynamic programming model of schooling decisions and obtain individual specific estimates of the local (and average) returns to schooling as well as the returns to experience....
Using a large new dataset, we analyze the labor market performance of Portuguese workers in Germany. While previous work compares wages and characteristics of migrants only to those of the natives, we...

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