1. Darla Moore School of Business Durham University Business School, IZA Bonn and CESifo Munich Munich Germany
2. University of Coimbra CeBER, Faculty of Economics, and IZA Bonn Coimbra Portugal
3. Institute for Employment Research (IAB) Nuremberg Germany
4. Department of Economics University of Erlangen‐Nuremberg, Institute for Employment Research (IAB), Nuremberg, and IZA Bonn Bonn Germany