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Workers without formal credentials experience substantially lower employment rates than their credentialed counterparts, but the extent to which information frictions contribute to these disparities remains unclear. We conducted a…
Decisions to pursue higher education are not fully explained by economic incentives, with social influence and peer effects playing a crucial, yet dynamically understudied, role. This paper develops a theoretical non-linear dynamics model…
This paper explores asset pricing implications of unemployment risk from sectoral shifts. I proxy for this risk using cross-industry dispersion (CID), defined as a mean absolute deviation of returns of 49 industry portfolios. CID peaks…
Socio-demographic disparities in STEM degree outcomes impact the diversity of the UK's future workforce, particularly in fields essential for innovation and growth. Despite the importance of institution-level, longitudinal analyses in…
This study evaluates the macroeconomic effects of active labour market policies (ALMP) in Germany over the period 2005 to 2018. We propose a novel identification strategy to overcome the simultaneity of ALMP and labour market outcomes at…
Although employment web sites have recently become the main source for re- cruitment and selection process, the relation between those sites and unemploy- ment rates is seldom addressed. Deriving data from 32 countries and 427 web sites,…
Active labor market programs are important instruments used by European employment agencies to help the unemployed find work. Investigating large administrative data on German long-term unemployed persons, we analyze the effectiveness of…
Recent waves of technological transformation are reshaping work in uncertain and hard-to-predict ways. However, jobs at the forefront of the digitizing economy offer an early glimpse of these changes and leave rich activity traces. We…
We develop inference for a two-sided matching model where the characteristics of agents on one side of the market are endogenous due to pre-matching investments. The model can be used to measure the impact of frictions in labour markets…
This paper explores the evolution of occupations within the context of industry and technology life cycles, highlighting the critical yet underexplored intersection between occupational trends and broader economic dynamics. Introducing the…
Internal migration is an essential aspect to study labor mobility. I exploit the German statutory minimum wage introduction in 2015 to estimate its push and pull effects on internal migration using a 2% sample of administrative data. In a…
We have previously described the reformed introductory physics course, Collaborative Learning through Active Sense-Making in Physics (CLASP), for bioscience students at a large public research one university (Original University) and…
Germany has become a major country of immigration, as well as a research powerhouse in Europe. As Germany spends a higher fraction of its GDP on research and development than most countries with advanced economies, there is an expectation…
The emergence of the modern gig economy introduces a new set of employment considerations for firms and laborers that include various trade-offs. With a game-theoretical approach, we examine the influences of technology, policy and markets…
The time it takes a student to graduate with a university degree is mitigated by a variety of factors such as their background, the academic performance at university, and their integration into the social communities of the university they…
Cross-sectional age-skill profiles suggest that workers' cognitive skills start declining by their thirties if not earlier. If accurate, such age-driven skill losses pose a major threat to the human capital of societies with rapidly aging…
Artificial intelligence is simultaneously transforming the production function of human capital in schools and the return to skills in the labor market. We develop a theoretical model to analyze the potential for misallocation when these…
Large-scale administrative data is a common input in early warning systems for college dropout in higher education. Still, the terminology and methodology vary significantly across existing studies, and the implications of different…
We investigated the role of universities in the prosperity of cities and regions. Performance characteristics of universities are derived from the Leiden Ranking 2020. The socioeconomic strength of a city is determined with the urban…
How a shock to an individual sector propagates to the prices of other sectors and aggregates to GDP depends on how easily sectoral goods can be substituted in production, which is determined by the intermediate input substitution…