Higher education is increasingly becoming an important factor in determining the success of the migration process from the individual point of view. To the sending ountries, the migration of its human capital may be associated with high social costs as their scarce resources are spent on...

This paper examines the potential role of higher education subsidies as an insurance device against the risk of having a short life, that is, as a device reducing the variance in lifetime well-being due to unequal longevities. We use a two-period dynamic OLG economy with human capital and risky...

Pre-College human capital investment occurs within a competitive environment and depends on market incentives created by Affirmative Action (AA) in college admissions. These policies affect mechanisms for rank-order allocation of college seats, and alter the relative competition between blacks...