This paper examines the nature and evolution of horizontal and vertical human-capital inequality in South Africa since the end of apartheid. Using census data from 1996, 2001, and 2011, we use different measures of years of schooling to examine the dynamics both across and within racial,...

This paper estimates the relationship between differences in skills measured among within-country ethnic groups and individual human capital accumulation in eight African countries. Our results show that the skills of an individual in these countries depends more on the human capital levels of...

This paper estimates a private school learning premium in Tanzania by implementing a flexible value-added model with unique administrative data on exam scores. The dataset covers 635,000 secondary school students with information on both their primary and lower secondary school exam records,...

I investigate the relationship between children's endowment and parental investment using a rich dataset on a cohort of children from Ethiopia, who were surveyed at ages eight, twelve and fifteen. Children's endowment is measured by scores on tests of cognitive skills/ability. A child's...

This paper evaluates the impact of education on measured inequality across the wage distribution using pooled records from the 2005 and 2010 Cameroon labour force surveys, wage equations and standard inequality measures. Returns to education increased monotonically. Yet incremental returns were...

We analyse the decision to become an entrepreneur by either taking over an established business or starting a new venture from scratch. A model is developed which predicts how several individual- and firm-specific characteristics influence entrepreneurs' entry mode. The new venture creation mode...

We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...

The founder (team)ś human capital is a vital determinant of future firm performance. This is a stylized fact. Less is known about the effect of the human capital of the initial workforce hired by the founder(s). We study the performance consequences of a founderś choice of the initial...