We explore the effect of schooling on health, wealth and happiness for a cohort of Dutch individuals born around 1940. We also use observations on childhood IQ and family background. The most fortunate group is the group with a non-vocational intermediate level education: they score highest on...

We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education to data for the USA, the UK and Germany. We find that in residual wage variation, uncertainty by far dominates unobserved heterogeneity. The relation between uncertainty and level of...

In nine papers presented at the Turin Meetings to celebrate EALE's 25th anniversary, leading authors survey past developments in their research domains and discuss causes for shifts in attention paid to particular questions and issues. Inspired by these papers, this introductory article provides...