1. Refereed Journal // 2013

    Improving Educational Investments: a Welfare Analysis for Europe

    This paper analyses in a novel way how educational investments can improve human capital formation in Europe, based on a model of age-dependent skill formation featuring dynamic complementarities. Counterfactual…

  2. Refereed Journal // 2013

    Early Life Adversity and Children’s Competence Development: Evidence from the Mannheim Study of Children at Risk

    This paper investigates the role of early life adversity and home resources in terms of competence formation and school achievement based on data from an epidemiological cohort study following 364 children from…

  3. Refereed Journal // 2013

    Nonlinearity in Cap-and-Trade Systems: The EUA Price and its Fundamentals

    In this paper we examine the nonlinear relation between the EUA price and its fundamentals, such as energy prices, macroeconomic risk factors and weather conditions. By estimating a Markov regime-switching…