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. …

We extend Lazear’s theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical …

capital as measured by previous business experience and formal education. In this paper, we explore whether illegal …

optimal level, while investigating the role of tertiary education. Two findings stand out. First, by estimating extended … education. Thus, the optimal business ownership rate tends to decrease with tertiary education levels. This is consistent with … microeconomic theory and evidence showing that entrepreneurs with superior levels of human capital run larger firms. …

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. …