Using a novel dataset that contains qualitative firm survey data on sales forecasts as well as balance-sheet data on realized sales, we document that only major forecast errors are predictable and display autocorrelation. This result is a particular violation of the Full Information Rational...

This paper studies the price and employment response of firms to the introduction of a nation-wide minimum wage in Germany. In line with previous studies, the estimated employment effect is only modestly negative and statistically insignificant. In contrast, affected firms increased prices much...

This paper studies the price and employment response of firms to the introduction of a nation-wide minimum wage in Germany. In line with previous studies, the estimated employment effect is only modestly negative and statistically insignificant. In contrast, affected firms increased prices much...

We use a recent first-hand linked employer-employee survey covering the formal sector of Bangladesh to explain gender wage gaps by the inclusion of measures of cognitive attainment and personality traits. Our results show that cognitive skills have greater explanatory power than personality...

Education policies depend in part on the presence of externalities, but very little evidence exists to confirm the existence of such externalities. In this paper we investigate if there are spillover effects from education within peer groups at the workplace. We estimate the effect of increasing...

La disponibilidad de una base de datos en el ámbito de empresa que sea representativa del sector productivo de una economía a escala agregada es una condición necesaria para realizar tanto análisis de política económica como investigación económica fiables en múltiples áreas. En este...

This paper uses a novel matched employer-employee data set representing the formal sector in Bangladesh to provide descriptive evidence of both the relative importance of cognitive and non-cognitive skills in this part of the labor market and the interplay between skills and hiring channels in...