-linked externalities (JLEs). JLEs emerge when wages exceed the opportunity cost of labor (labor externalities), or when there are social … gains from creating better jobs for some classes of worker, such as women or youth (social externalities). Like all … externalities, JLEs create a gap between private and social rates of return. Investments can be socially profitable (once the …

In this paper we focus on education as a private decision to invest in ‘human capital’ and the estimation of the rate … regression methods where the estimated return is obtained as the coefficient ona years of education variable in a log wage … effect on the earnings of an individual from participation in education. Moreover, the size of the effect seems large …

available. In this paper, we use nationally representative cohort data linked to administrative education records to study the …

ethics at age 15, on test scores at age 16, and on subject choices and subsequent performance at age 17-18. In particular …

schooling changes as the source of exogenous variation. We impose external estimates of the direct effect of maternal education … findings suggest that the child's probability of post compulsory education decreases when born to a teenage mother, and that …

ethics at age 15, on test scores at age 16, and on subject choices and subsequent performance at age 17-18. In particular …