More than a decade has now passed since rapidly declining house prices triggered a global financial crisis that developed into a global recession, the speed and depth of which were unprecedented in recent history. The overarching objective of this Ph.D. thesis is to improve our understanding of...

This thesis consists of three single-authored chapters on high-frequency market microstructure. All of them are self-contained, and can be read independently. Chapter 1 examines the extent of herd behavior in a financial market from 2005 to 2008; in particular, whether herd selling increased during...

The three largest items on the list of public expenditures in Denmark (and many other countries)are retirement, health, and education. These are also the topics ofi nterest in the three Chapters of this dissertation. While the chapters are quite different from each other, they share three...

In standard economic theory, education is an investment, and you choose to invest if the future returns are higher than the costs of investment. The future returns are often thought of in terms of monetary returns but education has also shown to have an effect on several nonpecuniary factors. In...

This dissertation consists of three self-contained chapters on topics in urban economics. They complement each other by taking three different angles on what drives the decisions on where to live, and in chapter 2 and 3 also where to work.