This paper estimates the returns to education in Arkansas-one of the last states to extend compulsory schooling-using ACS 2023 data and the 1987 Compulsory Schooling Law (CSL) reform as an instrument. OLS estimates imply returns of 9.5-10.4 percent per year of schooling. The CSL reform increased...

New digital and artificial intelligence technologies are fast reshaping skill requirements in the EU labour market, fostering skill mismatches. There are marked concerns about the potentially adverse consequences of automation and AI on employment, as well as the lagging competitiveness of EU...

We leverage the introduction of the first antibiotic therapies in 1937 to examine the long-run effects of early childhood pneumonia on adult educational attainment, employment, income, and work-related disability. Using census data, we document large average gains on all outcomes, alongside...

This study examines how parenting styles predict children's lifetime outcomes. Using a Swedish dataset which combines rich survey information on parenting styles with administrative records tracking children over five decades, we find that authoritarian parenting is negatively associated with...

This study examines how parenting styles predict children’s lifetime outcomes. Using a Swedish dataset which combines rich survey information on parenting styles with administrative records tracking children over five decades, we find that authoritarian parenting is negatively associated with...

This study examines how parenting styles predict children's lifetime outcomes. Using a Swedish dataset which combines rich survey information on parenting styles with administrative records tracking children over five decades, we find that authoritarian parenting is negatively associated with...

This paper develops a task-adjusted, country-specific measure of workers' exposure to artificial intelligence (AI) across 108 countries. Building on Felten et al. (2021), we adapt the artificial intelligence occupational exposure (AIOE) index to worker-level data from the Programme for the...

I study how delayed retirements reshape firms internal labor markets, leveraging a German reform that raised womens early retirement age by at least three years. The reform increased retention of older women and reduced both internal promotions and external hiring of younger coworkers, with the...

This study investigates the impact of inflation on human capital investment decisions. Using a specially designed survey we estimate the causal effect of recent price level increases on the graduation plans of over 1,200 U.S. university students. We find that inflation caused over half of the...

We estimate the causal effect of access to clean water sources on educational outcomes in Indonesia. Using the longitudinal Indonesian Family Life Survey (IFLS) panel dataset, which follows the same individuals from 1993 to 2014, and applying household fixed effects allows us to identify the...

Job displacement causes large and persistent earnings losses. We document that these losses exhibit a U shape over the life cycle: young and old workers experience greater drops than mid-career workers. We develop a simple search model with human capital accumulation and deterioration that...

It is well established that job displacement leads to large and persistent earnings losses, but the reasons for these long-term losses remain unclear. A leading theory ties earnings losses to the demand laid-off workers face for their industry-specific human capital, yet evidence in support of...

Aus dem einleitenden Teil: "Eine sich wandelnde Arbeitswelt ist an sich nichts Neues. Besonders an der aktuellen Situation sind jedoch die hohe Geschwindigkeit der Veränderungen und die gleichzeitige Einwirkung zweier disruptiver Ereignisse, nämlich der Covid-19-Pandemie und der kriegerischen...

The main aim of this paper is to empirically assess the impact of education and tax revenue onfostering new business creation in the OECD countries. To this end, we employ fixed effects and random effects models using panel data from 2006 to 2022, incorporating alternative conditions. Results...

Firm training is key to meeting changing skill demands, yet little is known about the role of workers' beliefs in shaping training participation. In a survey of 3,701 workers in Germany, we document that they expect substantial returns to firm training - both in terms of earnings and...

Exposure to extreme weather events and other adverse shocks has led to an increasing number of humanitarian crises in developing countries in recent years. These events cause acute suffering and compromise future welfare by adversely impacting human capital formation among vulnerable...

The objective of this policy note is to provide an overview of the status of digital skills in Nigeria from a comparative perspective and understand how prepared educational institutions are to help develop the digital skills of the population. First, the note summarizes the status of access to...

This paper provides insights into human capital investments during wartime by presenting evidence from three experiments of an online tutoring program for Ukrainian students amid Russia's invasion of Ukraine. Conducted between early 2023 and mid-2024, the experiments reached nearly 10,000...

This report's focus on fiscal matters complements ongoing work on megatrends involving labor markets, skills, demographics and climate (KP-1) and institutional matters (KP-2). The present KP-3 is not meant to be exhaustive in discussing the full range of financing and spending details in the...

This paper estimates the direct and indirect effects of agriculture on health and nutrition using nationally representative survey data collected by the Kenya National Bureau of Statistics in 1994, 1997, 2005 and 2015. The models estimated serve as examples of general frameworks that can be used...

Estimates disclosure of human capital management for Chinese listed companies. Investigate the patterns of the disclosure of human capital management across industries and regions. Examine the determinants of human capital management disclosure in China. Examine the association between human...

We provide new evidence on intergenerational social mobility among immigrants and natives in France. Using linked parent–child data from censuses, we introduce an individual-level metric - the Intergenerational Rank Difference (IRD) - that measures upward and downward mobility relative to the...

This paper studies how labor demand factors - specifically worker substitutability and job‑specific skills - shape employment responses to a rise in the early retirement age. Using a regression discontinuity design, I exploit a 1999 German reform that eliminated the option for women to retire...

This study explores the relationship between intellectual capital and the economic performance of academic spin-offs (ASOs). ASOs are hybrid ventures, distinct from more typical startups and small and medium enterprises because their founders pursue both research and market objectives. Using a...

Policymakers' main focus is economic growth, particularly in areas like BIMSTEC where structural problems and globalization's influences greatly affect paths of development. With special focus on the moderating function of globalization, this study examines the link between physical capital,...

This study investigates the impact of financial development (FD) on energy security risk (ESR) in 48 Belt and Road Initiative (BRI) countries from 1948 to 2022, emphasizing the roles of human capital (HC) and institutional quality (IQ). Findings reveal that FD significantly influences ESR, with...

The goal of economic development is to raise standards of living in LDCs, to be achieved by accumulating both human and non-human capital so as to maximize production net of the cost of these investments. An LDC economy is modelled with two sectors, modern and traditional, each of which uses its...

The widespread use of mobile devices among adolescents has led many schools and governments to consider or implement restrictions on their usage. This study provides a comprehensive analysis of the effects of school cellphone policies on student outcomes, focusing primarily on student well-being...