In this paper the economic return to formal education in Chile is estimated. The construction of an earnings-profile for each educational level is a basic ingredient in the computation of the rate of return. The paper uses a much larger sample than previo

Firms can use repayment agreements in order to protect their training investments in case a worker leaves the firm after training took place. In this empirical research note, I use linked employer-employee data to estimate the impact of industrial relations and wage structures on the probability...

We consider the possibility a draft increases the likelihood individuals will invest in human capital in the military. This possibility exists because those drafted have less time to reap the return from human capital investment since, with a volunteer military, one need not enlist. A draft is...

Undergraduate study behaviours, principally lecture attendance and additional study, are shown to predict better student achievement by many researchers. Despite this, there is not much evidence on the determinants of these behaviours. This is the first paper to explore the determinants of study...

The aim of this note is to investigate the relationship between economic growth and mandatory retirement in an overlapping generations model where private investment in human capital is the engine of endogenous growth. We derive a novel result in the retirement-growth literature by showing that...

In this paper, taking the model of Arrazola and Hevia (Applied Economics Letters, 11 – 145-8, 2004) as a starting point, we propose a homogeneous measure of human capital of individuals, which permits interpersonal comparisons. This indicator has been set up for a sample of Spanish men and...

Anecdotal evidence points to a falling standard of living for the educated in Venezuela. During this same period, President Hugo Chávez implemented several education reforms. We focus on a major university education reform known as Mission Sucre and its potential impact on returns to university...

Formal schooling increases earnings and provides other individual benefits. However, societal benefits of education may exceed individual benefits. Research finds that increased average education levels in an area are correlated with higher earnings, even for locals with relatively little...

This article evaluates the effect of French industrial restructuring on individual human capital accumulation during 1956-1993. We use data from the French Training and Occupational Skills survey and the Population Census (INSEE). We estimate a function of human capital accumulation using two...

This paper uses the Labor Force Survey (LFS) from 1999 to investigate the labor market earnings determination process in the small Eastern Caribbean island of Dominica. Given the interval coded nature of the earnings data reported for the LFS, an interval regression model estimated by maximum...