The empirical evidence that financial sector development (credit growth, larger securities markets etc) fosters economic growth and improves financial stability has been accumulating over the last two decades, stimulated by new theoretical developments and new databases. From 2000 to 2007,...

This paper presents new evidence from a unique survey of firm managers on migration patterns in Estonia in 2007. An emigrant from Estonia was most likely a young persoon between 15 – 34 years of age, a blue-collar worker and male. Contrary to evidence from other countries and earlier time...

The paper aims to map a discursive shift in Estonian public companies’ interim report commentaries in 2007-2008, which are defined by four qualitative variables. While earlier studies focusing on the role of information use quantitative methods (index studies, thematic content analysis, etc.),...

We explore the link between stock market wealth, housing wealth and aggregate consumption for a sample of four European post-transition economies. We use Johansen co-integration, vector error correction models and impulse response functions in order to assess the long run and the short run...

The main goal of this paper is to present modified multifactor extensions of classical markettiming models, with Fama and French’s spread variables SMB and HML, and Carhart’s momentum factor WML, on the Polish emerging market1. The empirical results on the Warsaw Stock Exchange (WSE) show a...

The Abecedarian Approach is a suite of teaching and learning strategies that were developed for the Abecedarian Studies (the Abecedarian Project, CARE, and IHDP), three longitudinal investigations to test the power of high quality early childhood services to improve the later academic...

This paper presents a model of human capital accumulation that allows for feedback effects between the consequences and the likelihood of suffering from particular diseases and the decisions to invest in knowledge, both in the form of schooling and on-the-job training. I use a calibrated version...

Researchers typically examine peer effects by defining the peer group broadly (all classmates, schoolmates, neighbors) because of the lack of friendship information in many data sources as well as to enable the use of plausibly exogenous variation in peer group composition across cohorts in the...

Cash transfer programs have become extremely popular in the developing world. There is a large literature on the effects of these programs on schooling, health and nutrition, but relatively little is known about possible impacts on child development. This paper analyzes the impact of a cash...

Fewer women than men become executive managers. They earn less over their careers, hold more junior positions, and exit the occupation at a faster rate. We compiled a large panel data set on executives and formed a career hierarchy to analyze mobility and compensation rates. We find that,...