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…
Bidding in first-price auctions crucially depends on the beliefs of the bidders. We analyze bidding behavior in a first-price auction in which the knowledge of the bidders about the distribution of the values of…
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…
