externalities (social returns to education) there exists a range of microloan amounts that are growth depressing and welfare … divert investment away from human capital: by failing to internalize the social returns to education, households …

because of disincentives to acquire education arising from the redistributional policies that increase income mobility. …

economics of virtue ethics. Character traits and personality are not considered immutable in either field. They are shaped by … content to virtue ethics and suggest what virtue ethics contributes to the study of economic models. …

This paper estimates returns to education using a dynamic model of educational choice that synthesizes approaches in … differentials. For some, there are substantial causal effects of education at all stages of schooling. …

responses to education and find evidence for substantial heterogeneity in unobserved variables on which agents make choices. The … estimated treatment effects of education are decomposed into the direct benefits of attaining a given level of schooling and … estimated treatment effects. While the estimated causal effects of education are substantial for most outcomes, we also estimate …

outcomes (including children's own expected lifetime resources and education) than the income measures traditionally used in …