The intergenerational transmission of education is certainly a problem that continues to challenge most countries. The level of education that an individual rises to is linked to the education level(s) of her/his parents. This note serves as an alert to researchers undertaking empirical...

We study the self-employed decision and its relation to human and social capital. Human capital is necessary to acquire skills. Social capital dampens the effects of uncertainty about future income. Our data set consists of 1339 respondents from the same age group, who were interviewed three...

The relationship between the worker?s career path and wage growth is studied using a longitudinal sample of large firms. The econometric analysis shows that promoted workers receive a positive wage premium even if they stay in the same job level. Demotions are associated with negative wage...