We show that in school systems with grade retention or redshirting birth cohort size is negatively related to the grade-level share of students who are too old for their grade. This compositional effect gives…

We study the 2011 Austrian pay transparency law, which requires firms above a size threshold to publish internal reports on the gender pay gap. Using an event-study design, we show that the policy had no…

I investigate the decision problem which arises in a game of incomplete information under two different types of uncertainty - uncertainty about other players’ type distributions and about other players’…

This  paper  analyzes  whether  technological  change  improves  equality  of  labormarket opportunities by increasing the returns to skills relative to the returns toparental background.  We find that in…

We examine financial literacy in Germany and its relevance for financial wellbeing. Using data from the Panel on Household Finances collected in 2021, we show that about 62% of German households answer the Big…

ZEW wouldn't be the same without its alumni. That's why we dedicate the April edition of the ZEW Monthly to our Alumni Network and its over 600 members.