We argue that promoting education may be a means to reduceincome inequality. When workers of different skill levels … areimperfect substitutes in production, an increase in the level ofhuman capital in the economy reduces the return to education … atrade-off between the distortions of taxes on effort and the distortionsof education subsidies on the investment in human …

college education cannot universally be considered an insurance against unpredictability of wages. One conclusion is …We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education. We …

entrepreneurship to farming. The education effect that separates workers into self-employment and wage employment is stronger for women …

whereas the height premium in work and life satisfaction is only marginally explained by education. …

wages reflect this, with lower pay for greater uncertainty. We use the dispersion of exam grades within a field of education … as an indicator of the unobserved heterogeneity that employers face. We find solid evidence that starting wages are lower …

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 …

In a corporatist country, of which the Netherlands is an example, wages should not be distinguished by union membership …

undereducation. Workers with more education than required for their jobs are observed to suffer wage penalties relative to workers … with the same education in jobs that only require their educational level. Similarly, workers with less education than …

make it easier for them to switch employers than for the part-time educated auditors. The predictions on tenure and wages …