How valuable is education for entrepreneurs’ performance as compared to employees’? What might explain any differences …? And does education affect peoples’ occupational choices accordingly? We answer these questions based on a large panel of … US labor force participants. We show that education affects peoples’ decisions to become an entrepreneur negatively. We …

We apply theories of capital market failure to ana1yzeoptima1 financing of risky higher education. In the market … solution,students can only finance their education through debt. There isunderinvestment in human capita1, because some … equityfinancing of education coupled to provision of some income insuranceis the optimal way to finance education when private markets …

I apply Ricardo’s principle of comparative advantage to a theory of factor substitutability in a model with a continuum …

entrepreneurs from the Netherlands provides broad support for the theory; implications for policy-makers concerned about the …

This paper presents a unified theory of human capital with both health capital and, what we term, skill capital … capital, and vice versa. The theory provides a conceptual framework for empirical and theoretical studies aimed at … understanding the complex relati onship between education and health, and generates several new testable predictions. …