The March Current Population Survey (CPS) is the primary data source for estimation oflevels and trends in labor earnings and income inequality in the USA. Time-inconsistencyproblems related to top coding in theses data have led many researchers to use the ratio ofthe 90th and 10th percentiles...

Recent theories of economic growth have stressed the role of externalities in generating growth. Using data from the Census Bureau that tracks all employers in the whole U.S. private sector economy, we examine the impact of these externalities, as measured by entrepreneurial activity, on...

This paper extends the standard human capital model with real options. Real options influenceinvestment behavior when risky investments in human capital are irreversible and individualscan affect the timing of the investment. Option values make individuals more reluctant toinvest in human...

In this paper, we use the individual-level USR data for the wholepopulation of 1993 leavers from the ‘old’ universities of the UK toinvestigate the determinants of graduate occupational earnings. Amongother results, we find that there are significant differences in theoccupational earnings...

Evidence about job mobility outside the U.S. is scarce and difficult to compare crossnationallybecause of non-uniform data. We document job mobility patterns of collegegraduates in their first three years in the labor market, using unique uniform data covering 11European countries and Japan....

School autonomy and parental participation have been frequently proposed as ways of makingschools more productive. Less clear is how governments can foster decentralized decisionmakingby local schools. This paper shows that across eight Latin-American countries, most ofthe variation in local...

This paper studies the role of the expansion of higher education (HE) in increasing the equality of tertiary education opportunities. It examines Italy`s experience during the 1990s, when policy changes prompted HE institutions to offer a wider range of degrees and to open new sites in...

The EU experience with youth unemployment has changed over recent years with the launchand re-launch of the Lisbon Strategy and the Bologna process. A dramatic shift has takenplace from the 1990s emphasis on labour market flexibility as a tool to abate youth long termunemployment to the more...

The aim of the current paper is to estimate the need for new PhDs in the Estonian academicsector for the 5-year period 2007-2012 using a survey of employers, such as universities,institutions of applied higher education and research institutes. The doctoral workforce in allcountries around the...