Social institutions are persistent regularities in contracting and other relations amongst men and in the unintended consequences of such rule-like behavior. They include morality and law as well as institutions of governance such as branding and advertising. Institutions are studied in all...

The creation and effects of social capital have seldom been a target for systematic analysis in orthodox economics. The purpose of the paper is to argue that in order to include social capital, along with physical and human, into economic analysis, we have to regard human preferences as...

We study the effects of compulsory military service in Finland on the conscripts' future labour market behaviour. This is measured in three ways: first, the time it takes to complete civil education and the level of education acquired; second, how the conscripts will find employment; and third,...

We assess Finland’s competitiveness in the light of various, mainly short-term indicators. It turns out that the weak export market performance over the last few years is linked to the deterioration of profitability of production in Finland. A better export and employment performance requires...

This paper reviews the theoretical and empirical literature on job market signalling and on education as a job market signal. Possible economic implications of educational job market signalling to an individual and the society are represented based on existing theories. The paper also reviews...

This brief provides descriptive evidence on completion of multiple higher education degrees in Finland. In the year 2020, there were altogether 7,100 individuals enrolling in higher education who already had higher education degrees. A quarter of them already had more than one higher education...

Perhevapaiden vaikutuksesta miesten ja naisten välisiin palkkaeroihin tiedetään hyvin vähän. Tässä katsauksessa pureudutaan empiiriseen kirjallisuuteen koskien perhevapaiden vaikutusta naisten ura- ja palkkakehitykseen. Suomalaisen empiirisen tutkimustiedon puuttuessa, tässä...

This paper reviews the theoretical and empirical literature on job market signalling and on education as a job market signal. Possible economic implications of educational job market signalling to an individual and the society are represented based on existing theories. The paper also reviews...