Using a difference-in-differences approach, we exploit a quasi-experiment occurred in a large public university located in Southern Italy, to study whether the introduction of a selective admission test affects two indicators of students’ performances: dropout rate and grade point average...

The implications of individual heterogeneity for the evolution of wealth distribution are studied in a standard model of occupational choice with financial market imperfections and local non convexities in education investment technology. We consider heterogeneity in the cost of educational...