This study documents two empirical regularities, using data for Denmark and Portugal. First, workers who are hired last, are the first to leave the firm (Last In, First Out; LIFO). Second, workers' wages rise with seniority (= a worker's tenure relative to the tenure of her colleagues). We seek...

This study documents two empirical regularities, using data for Denmark and Portugal. First, workers who are hired last, are the first to leave the firm (Last In, First Out; LIFO). Second, workers’ wages rise with seniority (= a worker’s tenure relative to the tenure of her colleagues). We...

The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations...

When agents have present bias, they discount more between now and the next period than between period t ( 1) and t 1. How fast the future discount rate (evaluated today) decays is an empirical question. We show that the discount function can be non-parametrically identified with contracts that...

This paper provides a new way of analyzing tenure profiles in wages, by modelling simultaneously the evolution of wages and the distribution of tenures. We develop a theoretical model based on efficient bargaining, where both log outside wage and log wage in the current job follow a random walk,...

The Bologna process aims at creating a European Higher Education Area where inter-country mobility of students and staff, as well as workers holding a degree, is facilitated. While several aspects of the process deserve wide public support, the reduction of the length of the first cycle of...

The perpetual inventory method used for the construction of education data per country leads to systematic measurement error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the education level between census data and observations...

We attempt to answer a simple empirical question: does having children make a parent live longer? The hypothesis we offer is that a parent’s immune system is refreshed by a child’s infections at a time when their own protection starts wearing thin. With the boosted immune system, the parent...

We document the relationship of a set of individual choices - including parenthood, marital state, and income - with an individual's cause of death. Using the data set of the Office for National Statistics Longitudinal Study (ONS-LS) which follows one percent of the population of England and...

We attempt to answer a simple empirical question: does having children make a parent live longer? The hypothesis we offer is that a parent’s immune system is refreshed by a child’s infections at a time when their own protection starts wearing thin. With the boosted immune system, the parent...