Learning at school and university and also at the work place has become more important in the knowledge-based economy. This paper provides a critical review of recent econometric work on the determinants and impacts of training in Europe. Training has non negligible positive effects for firms...

Learning at school and university and also at the work place has become more important in the knowledge-based economy. This paper provides a critical review of recent econometric work on the determinants and impacts of training in Europe. Training has non negligible positive effects for firms...

This paper studies a model where student effort and talent interact with parental and teachers' investments, as well as with school system resources. The model is rich, yet sufficiently stylized to provide novel implications. It can show, for example, that an improvement in parental outside...

This paper views teacher quality through the human capital perspective. Teacher quality exhibits substantial growth over teachers’ careers, but why it improves is not well understood. I use a human capital production function nesting On-the-Job-Training (OJT) and Learning-by-Doing (LBD) and...

An effective system of education and training is important for both social and economic reasons. Its role in the Polish economy is to provide the current and future labour force with skills to facilitate both continuing productivity growth and reallocation of resources as structural adjustment...

This paper examines the distributional impacts of direct college costs - that is, whether the response of educational decisions to college costs varies by student characteristics. The primary obstacle in estimating these effects is the endogeneity of schooling costs. To overcome this issue, I...

Students face four decision margins: (a) How many years to spend in school, (b) What to study, (c) How much effort to devote to learning per year and (d) Whether to disrupt or assist the learning of classmates. The thousands of studies that have applied human capital theory to the first two...

In general, vocational education does not lead to higher wages. However, in some countries, labor markets are characterized by employment growth and skill shortages. In these, vocational schooling has produced higher wages and returns on investment than general education. Using 1998 Egyptian...

We examine the differences in an index of standardized test performance of urban private/public school seniors by race, using a sample of 4,172 students from the 1992 U.S. National Education Longitudinal Survey. In addition to using 257 exogenous variables to control for individual traits,...

The term skill mismatch is very broad and can relate to many forms of labour market friction, including vertical mismatch, skill gaps, skill shortages, field of study (horizontal) mismatch and skill obsolescence. In this paper we provide a clear overview of each concept and discuss the...