This paper evaluates the impact of three major expansions in leave coverage in Germany on the long-run education and labor market outcomes of children. Evaluation of three policy reforms as opposed to a single reform enables us to analyze whether the impact of paid leave differs from that of...

This study examines how minimum wage laws affect the employment and earnings of low-skilled immigrants and natives in the U.S. Minimum wage increases might have larger effects among low-skilled immigrants than among natives because, on average, immigrants earn less than natives due to lower...

Vertreter der Politik, der Wirtschaft und der Wissenschaft, Lehrerverbände und Elternvereine scheinen sich einig, dass grundlegende Veränderungen an den deutschen Schulen unabdingbar seien. Eine Kernthese lautet, das deutsche Schulsystem sei zu starr, öffne sich zu wenig nach außen und...

When the equilibrium of the economy depends on the coordinationof actions of a large number of agents the level of optimism can be-come a deciding factor. We propose an equilibrium selection processwhere the level of optimism is endogenously determined...