Education yields substantial non-monetary benefits, but the size of these gains is still debated. Previous studies report causal effects of education and compulsory schooling on mortality ranging anywhere from zero to large and negative. Using data from 18 compulsory schooling reforms...

This article investigates the causal relationship between the number of biological children and mental health of elderly Europeans. Specifically, we ask whether additional children improve or threaten parents' mental health status. The identification of causal effects draws on two natural...

We present a theoretical and empirical analysis of the relationship between U.S. migration experience and earnings in the Mexican labor market. We use our model to analyze the effects of self-selection and endogeneity on OLS estimates of the return to migration experience in the Mexican labor...

Using data from the Health Survey for England and the English Longitudinal Study on Ageing, we estimate causal effects of schooling on health. Our study complements earlier studies exploiting two nationwide increases in British compulsory school leaving age in 1947 and 1973, respectively, by...

Previous research has shown adverse effects of growing up under unilateral divorce laws on long-term outcomes of children. It remains an open question of whether these effects of early childhood conditions arise due to divorce laws raising the likelihood of parental marital disruption or whether...

<Para ID="Par1">Previous research examining the impact of unilateral divorce law (UDL) on the prevalence of divorce has provided mixed results. Studies based on cross-sectional cross-country/cross-state survey data have received criticism for disregarding unobserved heterogeneity across countries, as have...</para>

We provide new evidence on the efficiency of the Berlin Stock Exchange prior to World War I, when it ranked among the top few markets worldwide by market capitalization. Using a new set of monthly stock price data for a random sample of German companies between 1904 and 1910, we estimate a...

During the postwar period German states pursued policies to increase the share of young Germans obtaining a university entrance diploma (Abitur) by building more academic track schools, but the timing of educational expansion differed between states. This creates exogenous variation in the...

In this paper we investigate the causal effect of years of schooling on health and health-related behavior in West Germany. We apply an instrumental variables approach using as natural experiments several changes in compulsory schooling laws between 1949 and 1969. These law changes generate...