This paper explores whether the experience of a severe recession during early adulthood shapes individuals' prosocial attitudes. The analysis uses survey responses to experimentally validated questions that measure prosocial attitudes for approximately 65,000 respondents in 75 countries. The...

Unintended consequences of public policies, while common, are under-studied and often unaccounted for in economic analysis. In this paper we study the unintended consequences of a public information campaign on water quality on the marriage market in rural Bangladesh. Despite being heavily...

This study employs Chilean administrative data to investigate the impact of School Starting Age (SSA) on the characteristics of students' initial enrolled schools. Employing minimum age requirements and an RD-design to mitigate endogeneity concerns, we identify benefits linked to commencing...

We investigate consumption patterns in Europe with supervised machine learning methods and reveal differences in age and wealth impact across countries. Using data from the third wave (2017) of the Eurosystem's Household Finance and Consumption Survey (HFCS), we assess how age and (liquid)...

This paper uses the IBE Ethics at Work 2018 survey to explore employees' ethical reasoning and examine gender and age differences across 12 countries. Debates about gender and ethics have been intense since Kohlberg's theory of moral development, with feminist critiques from Gilligan and others...

Today, the replacement of the ageing agricultural population is a global challenge in many food-producing countries. This article aims to provide an overview of generational change in agriculture based on the literature in international economics published in recent years, using a systematic...

Socioemotional selectivity theory (SST) maintains that when futures loom large, as they typically do in youth, people are motivated to explore. When future time is perceived as more limited, as is typical in old age, people are motivated to pursue emotionally meaningful goals. Because the...

We analyze the impact of robot adoption on employment composition using novel micro data on robot use of German manufacturing plants linked with social security records and data on job tasks. Our task-based model predicts more favorable employment effects for the least routine-task intensive...

In this paper, we exploit intergenerationally-linked tax files and Census data to first document the intergenerational income transmission between individuals who immigrated to Canada as children-the 1.5 generation-and their parents. We find that the correlation between parental income rank and...

Family and intergenerational relationships are becoming increasingly important as sources of support and care for the elderly population in the rapidly aging Asian societies. However, this has also raised concern over the reinforcement of cultural preferences for sons as a source of old-age...

We consider long-term impacts of establishing school psychology offices in Norway, which introduced 'maturity testing' to advice parents and school boards on school starting age. In the early reform period, children born close to the normative age cut-off who reached school-starting age after...

We estimate month-of-birth effects on cognitive and noncognitive skills, as well as factors relevant to skill formation. Our estimates indicate that younger students in a given grade cohort have lower cognitive and noncognitive skills. To shed light on the underlying mechanisms, we also examine...

Key date assessments are common in the contexts of firms’ hiring decisions, the educational system, and professional sports. In talent selection, it is very likely that there is a difference between current and potential performance levels. This paper analyses the Relative Age Effect (RAE) in...

This paper identifies the relationship between the age of inventors and knowledge spillovers that they generate. Linking age and death information from 13,112 patent inventors that died prematurely to 54,674 co-inventors, I show that inventors who lose an early-career collaborator to a premature...

This study employs Chilean administrative data to investigate the impact of School Starting Age (SSA) on the characteristics of students' initial enrolled schools. Employing minimum age requirements and an RD-design to mitigate endogeneity concerns, we identify benefits linked to commencing...

Korea’s population is aging at a faster pace than any other major country, and the adverse impact of this trend on the economy is predicted to be significant. This paper focuses on the macroeconomic effects of population aging with particular attention paid to the pace of aging in Korea....

This paper proposes that millennials' investing behavior is driven by generational biases-investment-related biases that millennials share. The results of an online survey of 516 millennial investors revealed that generational biases-fear of missing out, socially responsible investing,...

This paper examines the influence of CEO and CFO age on bank risk-taking. Using data on large U.S. banks between 2006 and 2018, we document a negative association between CEO age and the bank’s insolvency risk and market-based measures of risk-taking after controlling for bank size, asset...

Analyzing seven waves of data from the Health and Retirement Study, this research brief asks the question: How do self-employment rates differ by gender among older Americans? We uncovered three key findings: (1) Over the dozen years covered in this analysis, the share of older men who are...

Ecologically sustainable commodities are extensively marketed to the public, although it is unclear whether these green-labelled commodities are environmentally desirable. As a result, the term "Greenwashing" became widespread. Greenwashing is a marketing technique used by businesses to...

We study whether age is related to willingness to compete in a large sample of men and women between 19-39 years old. The age span is larger than commonly used in lab experiments, and most importantly avoids both adolescence and menopause. Our main finding is that the gender gap is smaller at...

Developed countries are seeing advances in automation and, at the same time, their populations are aging. In this paper we examine both phenomena using the delay in retirement age as a hinge. Although automation is freeing workers from repetitive, hard work, older workers feel threatened by new...

Adolescent motherhood has been linked with poor health outcomes at birth for children, including high neonatal mortality, low-birth weight, and small-for-gestational age rates. However, longer term growth outcomes in the children of adolescent mothers in low-resource settings remain inadequately...

Continuous-time affine mortality models are useful in the analysis of age-cohort mortality rates as they yield a closed-form expression for survival curves which are consistent with the dynamics of latent factors driving mortality and are well-suited for finance and insurance applications. We...

This paper explores whether the experience of a severe recession during early adulthood shapes individuals' prosocial attitudes. The analysis uses survey responses to experimentally validated questions that measure prosocial attitudes for approximately 65,000 respondents in 75 countries. The...

Fuelled by changes to UK pensions policy over the last decade, most notably automatic enrolment into workplace pensions, an increasing number of people save for their retirement in defined contribution pension pots. Due to the end of compulsory annuitisation in 2015, known as 'Pension Freedoms',...

Aging societies face a fundamental challenge: How to represent future oriented policies in the politics of today? Voting age reforms and, more generally, policies that encourage the participation of the youth in politics are discussed as one solution. In this report, we study whether voting age...

There is a widely held belief that older students, by virtue of being more mature and readier to learn at school entry, may have better academic, employment, and earnings outcomes compared to their younger counterparts. There are understated, albeit important, costs to starting school later,...

Mortality decline in the context of the demographic transition is often portrayed as the harbinger of a progressively 'ordered' world in which deaths become more pre- dictable. In this narrative, parents adjust their fertility because they are increasingly certain that their offspring will...

Recent studies have suggested a trend of slowing domestic visitation to national parks by younger generations on a per capita basis within developed countries. This has often been attributed to inter-generational differences such as increased cultural diversity, interest in other forms of...

Vor dem Hintergrund des demografischen Wandels ist Deutschland in zunehmendem Maße auf Zuwanderung angewiesen, um Wachstum und Wohlstand zu sichern. Dabei müssen auch die Akteure auf kommunaler Ebene aktiv werden und eine eigene regionale Migrations- und Demografiepolitik gestalten....