the wages of native-born workers in the UK. This is potentially puzzling since there is evidence that changes in the … supply of educated natives have significant effects on their wages. Using a pooled time series of British crosssectional … micro data on male wages and employment from the mid-1970s to the mid-2000s, this paper offers a resolution to this puzzle …

which log-wages are explained by two endogenous variables: the student's degree and the student's time to degree, not simply … by years of education. Log-wages are regressed on a measure of education, which is a position on a scale of certificates … parameters. We find a robust, significant and negative impact of the delay variable on wages, averaged over the first five years …

. To realize the gains from international cooperation requires reputation; and to realize the gains from reputation … requires cooperation. Moreover, cooperative policies with reputation are found to be sustainable; and the joint gains from … cooperation and reputation are found to be considerable. …

inconsistency problem. They assume that policy-makers suffer a loss of reputation if they renege on earlier commitments. With this …

expectations improve and the economy grows. Once there is predation, the reputation of the current government is ruined and the …