achievement. In 2005, information on school performance in lower secondary education also became public. Using a difference …

This paper develops a model of risky investment in education under disappointment aversion, modelled as loss aversion … around one's endogenous expectation. The model shows that disappointment aversion reduces the optimal investment in education … generated by the riskiness of education. Policies aimed at influencing students' expectations can reduce early dropout. …

This paper investigates whether aspirations matter for education, which offers a common route out of poverty. We find … attending private education. These results are confirmed for outcomes at age 15. The findings provide direct evidence on the … contribution of mother aspirations to children's education outcomes and point to aspirations as a channel of intergenerational …

The provision of non-pecuniary incentives in education is a topic that has received much scholarly attention lately …

The provision of non-pecuniary incentives in education is a topic that has received much scholarly attention lately …

dropping out of upper-secondary education. Further, for students who finish education we show that one month before termination …-making about human capital acquisition and labor market transition with important implications for education and labor market …

dropping out of upper-secondary education. Further, for students who finish education we show that one month before termination …-making about human capital acquisition and labor market transition with important implications for education and labor market …