The value of human capital critically depends on two factors: the person's skills and the economic environment, both of which are exposed to a substantial risk of future deterioration. In particular, changes in the economic environment are uninsurable. An individual takes the risk that, after...

"There is an international competition for international students. This phenomenon is characterised by countries aiming not only to attract international students but also to retain them after graduation. Despite the importance of their migration intention, the factors influencing the...