Die Situation der griechischen Wirtschaft spitzt sich aktuell dramatisch zu. Eine Besserung der Lage setzt einen wettbewerbsfähigen Exportsektor voraus. Dabei wäre die Wiedereinführung der Drachme eine Option, die der Autor allerdings für schwer durchführbar hält.

A growing literature establishes that high quality early childhood interventions targeted toward disadvantaged children have substantial impacts on later life outcomes. Little is known about the mechanisms producing these impacts. This paper uses longitudinal data on cognitive and personality...

We use a reform that was recently implemented in Italy to investigate the effects on academic achievement of more stringent requirements for the admission to the next grade at upper secondary school. We study how such effects are mediated by changes in family and school inputs, and in the...

Many countries are currently expanding access to child care for young children. But are all children equally likely to benefit from such expansions? We address this question by adopting a marginal treatment effects framework. We study the West German setting where high quality center-based care...