We analyze the optimal life-cycle education decision of a single atomistic individual and show that the standard result of part-time education and part-time work throughout the life-cycle holds only under very special and unrealistic assumptions. Once these assumptions are relaxed, different...

More than ten years on from the start of the global financial crisis (GFC) the global economic context continues to be challenging, with economic growth still below its historical trend in advanced economies and slowing in emerging markets. We witness also a worrying slowdown in productivity...