We estimate the effect of education on lifetime income in Europe, by distinguishing between individuals who lived in rural or urban areas during childhood and between individuals who had access to many or few books at age ten. We instrument years of education using reforms of compulsory...

In this paper we estimate the effect of education on lifetime earnings in Europe, by distinguishing between individuals who lived in rural or urban areas during childhood and between individuals who had access to many or few books at age ten. We instrument years of education using reforms of...

Machine generated contents note: 1.Anatomy of Financial Hardship / Guglielmo Weber -- 2.The Consequences of Financial Hardship (and Recessions) on Income and Welfare / Guglielmo Weber -- 3.Characterizing Income Shocks and their Transmission to Household Consumption / Torben Heien Nielsen --...

We estimate the effect of education on lifetime income in Europe, by distinguishing between individuals who lived in rural or urban areas during childhood and between individuals who had access to many or few books at age ten. We instrument years of education using reforms of compulsory...