We compare the revenues of a house-to-house collection for a charity before and after the introduction of the euro in a ceteris paribus setting. We find strong evidence of money illusion, supplementing earlier econometric, experimental, and survey evidence on its existence

Human Capital Over the Life Cycle synthesises comparative research on the processes of human capital formation in the areas of education and training in Europe, in relation to the labour market. The book proposes that one of the most important challenges faced by Europe today is to understand...

We develop an empirical discrete-choice interaction model with a finite number of agents. We characterize its equilibrium properties - in particular the correspondence between interaction strength, number of agents, and the set of equilibria - and propose to estimate the model by means of...