selection. Building on their framework we demonstrate that externalities between agents - an agent's utility upon accepting a … when the size of the externalities is arbitrarily small. Our result highlights the degree of control a principal has over …

create externalities among workers, since their utility upon accepting a contract depends on their team's performance and … therefore on their colleagues' productivity. We study the effects of such externalities in a competitive labor market if workers …-efficient separation of workers according to their productivity. We further find that externalities facilitate equilibrium existence, where …

by the reform significantly increased their education and experienced higher labor income. Our main result is that the …. These results are not driven by the direct impact of education and are not explained by higher turnout, or greater attention …

We study the effect of post-compulsory education on crime by exploiting a regression discontinuity design generated by …

dropping out of upper-secondary education. Further, for students who finish education we show that one month before termination … about human capital acquisition and labor market transition with important implications for education and labor market …

dropping out of upper-secondary education. Further, for students who finish education we show that one month before termination …-making about human capital acquisition and labor market transition with important implications for education and labor market …