This paper studies occupational mobility of ethnic German migrants who have entered Germany since 1984. The empirical analysis suggests significant differences in the probability of downward occupational mobility by gender, immigration status, and schooling levels. In general, migrants with...

This paper contributes to the literature considering the wage effects of educational mismatch in Germany. It uses a large German panel data set for the period from 1984 to 1997 and stresses the importance of controlling for unobserved heterogeneity when analyzing the labor market effects of...

We investigate empirically how industrialized countries and U.S. states share consumption risk at horizons between one and thirty years. U.S. federal states share about 50 percent of their permanent idiosyncratic risk through cross-state capital income flows. While insurance against transitory...