Investing in human capital increases lifetime income, but these investments may involve substantial risk. In this paper … income, and to calculate certainty equivalent lifetime income at different levels of education. We find that university … education is associated with about a half a million euro increase in discounted lifetime disposable income compared to …

are negligible. Second, among composition effects, education has an inequality-reducing impact, while the increase in … clear cut policy implication is that policies enhancing education and economic performance contribute to reduce happiness …

. Furthermore, effects are heterogeneous across education groups: teen motherhood has larger negative effects on high school … completion and years of schooling among poor and low-education households. Our results imply that policies aimed at reducing … early childbearing will have important short-term effects on young women's education outcomes. …

secular education reform, decreases women's propensity to identify themselves as religious, lowers their tendency to wear a … religious head cover (head scarf, turban or burka) and increases the tendency for modernity. Education reduces women …'s propensity to vote for Islamic parties. There is no statistically significant impact of education on men's religiosity or their …