Germany has historically received a substantial inflow of immigrants from Poland. Polish workers are the second-largest foreign employment group in Germany and contribute substantially to the German economy. In this article, we draw on a large administrative dataset to analyse the wage structure...

This study compares the estimation errors of several present value discounting conventions (end-of-year, mid-year, and the more recently proposed harmonic mean convention) for a uniform distribution of intra-period cash flow - continuous and discrete. Our results show that the mid-year...

From a long-term perspective little is known about income inequality in Venezuela. This is regrettable as the country offers a unique opportunity to study distributional dynamics in an economy dominated by oil richness since the 1920s amid an accelerated process of structural change amid...

We evaluate the distributional effects of a minimum wage introduction based on a data set with a moderate sample size but a large number of potential covariates. Therefore, the selection of relevant control variables at each distributional threshold is crucial to test hypotheses about the impact...

This paper studies how college major choices shape earnings and fertility outcomes. Using administrative data that link students' preferences, random assignment to majors, and post-college outcomes, we estimate the causal pecuniary and nonpecuniary returns to different fields of study. We...

We show that executives' early-life poverty experiences reduce both internal (executive-employee) and external (executive-peer) corporate pay disparities. Three mechanisms drive this effect: increased risk aversion in poverty-exposed executives, strategic avoidance of negative media coverage to...