Improving educational achievement for youth doesn't always result in better employment opportunities, and this can be especially acute in developing countries. As the World Bank's 2013 world development report highlights, the mismatch between the skills and aspirations of college graduates and...

"This paper relaxes some key assumptions in the probabilistic approach to fiscal sustainability. First, the authors identify structural breaks over the sample period used to estimate the covariance matrix of the shocks to the debt ratios. Second, the assumption of normality of the shocks is...