William Shakespeare's Tragedy of King Richard III, written approximately in 1592, is the story of evil acts by the detested and misshapen hunchback, Richard, who plots to sow discontent among his brother, the King, and others, and has his brother murdered along with other wicked deeds in order...

In this paper, we investigate the long-run effects of World War II on socio-economic status(SES) and health of older individuals in Europe. Physical and psychological childhood eventsare important predictors for labor market and health outcomes in adult life, but studies thatquantify these...

We investigate the relationship between inflation and price variation using highly disaggregated, weekly price data for consumption goods recorded in Germany during 1995, a low inflation period. We find a significant positive correlation between the rates of price change and price dispersion,...

Productivity growth has been slow in many continental European countries over the last few decades, especially in comparison with the United States. It has been argued that lack of product market competition and poor corporate governance are two of the main reasons for this phenomenon. However,...

We investigate long-run effects of episodes of hunger experienced as a child on health status and behavioral outcomes in later life. We combine self-reported data on hunger experiences from SHARELIFE, a retrospective survey conducted as part of SHARE in Europe in 2009, with administrative data...

We analyse life-cycle saving decisions when households use simple heuristics, or rules of thumb, rather than solve the underlying intertemporal optimization problem. We simulate life-cycle saving decisions using three simple rules and compute utility losses relative to the solution of the...