Most policy regarding tertiary training choice is based on the presumption that human capital theory is the most appropriate model and the cost-benefit analysis implicit in that model provides a reasonable approximation of the choice parameters included in any decision to study. This has...

This paper examines the changes in relative earnings of workers with different education levels during Vietnam’s transition. It is found that females enjoy a higher return to education than males do in 1998, reversing the situation observed five years ago. A large fall in the returns to...

To what extent is the performance of a small business venture, once started, affected by capital constraints at the time of inception and by the business founder's investment in human capital? We attempt to answer this question taking into account the potential endogeneity of human and financial...