The number of years spent in the educational system depends on the expected returns to education. We show that neglecting the role of expectations, usual statistical measures of inequalities in educational opportunities strongly overestimate social determinism within the

This paper evaluates the impact of continuous training provided by firms on wages and inter-firm mobility. For that purpose, we use the survey "Formation et Qualification Professionnelle" (FQP) collected by Insee (Paris) in 1993. This survey registers the identities of firms employing the...

When there are a great number of variables and only a small number of observations, two-stage least-squares are not practicable. To overcome this problem, KLOEK and MENNES proposed to replace some variables by their principal components. The aim of this paper is to discuss the way to choose...

In this paper, we analyze the increase in education levels of young generations in France between 1980 and 1993. We insist on three factors that could have explained this increase: i) increasing returns to education in the labour market including its protective role against unemployment; ii)...