education in China appear to be zero. We estimate an instrumental variables fixed effects model where share of college graduates … is instrumented by the number of universities with special status and find positive external returns to education of … rural, men, and low-educated workers. This finding provides the motivation for increasing education investment in rural …

economics: Studies about localized human capital externalities (HCE) and about the urban wage premium (UWP). After surveying the … externalities ; urban wage premium …

too little in college education. -- Human capital ; externalities ; higher education …This paper is a preliminary look at the benefits to states in the US of subsidizing college education. The benefits … studies are the external benefits of college education on the earnings of both college graduates and those who have not …

This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model …. -- Externalities ; human capital ; multiple equilibria …

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 …