The social and the private returns to education differ when education can increase productivity, and also be used to … private returns to education within the employer learning framework of Farber and Gibbons [1996] and Altonji and Pierret [2001 … employers. If the instrument is hidden then it identifies the private returns to education, but if the instrument is observed by …

similar credentials) on wages. Using a simple model of asymmetric information, I show that RDD estimates the information value …

The paper reexamines Lipset's theory of democratization, by distinguishing the role of (economic) development from that … of education, inequality, and (natural) resources. We highlight two contrasting effects of education and human capital … accumulation. On the one side, education prompts economic growth and enriches the budget of the autocratic elite. On the other side …

classes. Four tests leveraging firm stayers and movers, occupation and industry switchers, hiring wages, and displaced workers …

In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled … enhancing the quality of education. The necessary expenditures are optimally financed by regressive tuition fees and the net …

. This implies that firm-specific training can decrease current wages as it implies a credible commitment to lower future …

profiles. Our study also explains the willingness of immigrants to accept jobs at wages that seem unacceptable to natives …

The aim of this paper is to study the long-run effects of a longevity increase on individual decisions about education …