The paper suggests that international differences in educational institutions explain the large international differences in student performance in cognitive achievement tests. A microeconometric student-level estimation based on data for more than 260,000 students from 39 countries reveals that...

Die Rekonstruktion der institutionellen Entwicklung des DDR-Sozialversicherungssystems von 1945 bis 1990 und der Vergleich mit der seines bundesdeutschen Gegenparts zeigt ein überraschend divergentes und nicht intendiertes Entwicklungsmuster: Die ursprüngliche Absicht in der DDR, die...

23 Stock Exchanges were in operation in Germany in 1913. We provide new data about the number of listed firms, their market value, and the number of IPOs between 1897 and 1913 for all exchanges. We assess reasons why a firm opts to be listed at a certain exchange. Large firms tend to be listed...