We employ the EU KLEMS database to estimate the real rate of return to capital in 14 countries (11 in the EU, three outside the EU) in 10 branches of the market economy plus the market economy as a whole. Our measure of capital is an aggregate over seven types of asset: three ICT assets...

Since the 1990s, global cultural shifts driven by neoliberalism have ushered in significant changes in the institutions of citizenship. This has given rise to an increasingly agentic conception of the individual, with strong meritocratic ideological underpinnings, as manifested across a wide...

This paper investigates relative earnings of individuals leaving tertiary education without a degree across 18 European countries employing survey data on adult workers. We find that, on average, university dropouts earn 8% more than those never enrolling into tertiary education, but 25% less...