This paper estimates the effects on earnings of "gap years" between high school and university enrollment. The effect is estimated by means of standard earnings functions augmented to account for gap years and a rich set of control variables using administrative Swedish data. We find that...

The theory of human capital clearly states that the investments into the education bring many benefits and are worth the cost. The OECD Education at a Glance analysis provides support for both public and private investing in tertiary education as the net present value is positive for all...

Using 10 years of enrollment data at four Texas public universities, this paper examines whether, to what extent, and in what ways high school attended contributes to racial and ethnic differences in college achievement. Like previous studies, we show that controlling for class rank and test...

In this paper we estimate the marriage market returns to being admitted to a higher ranked (i.e. more 'elite') university by exploiting unique features of the Chilean university admission system. This system centrally allocates applicants based on their university entrance test score, which...

We analyse wage differentials between Higher Education graduates in the UK, differentiating between polytechnic and university graduates. Polytechnic graduates earned on average lower wages than university graduates prior to the UK Further and Higher Education Act of 1992. The reform changed the...

This paper examines the returns to university education in Japan, using tuition, availability of universities, and labor market conditions as instrumental variables. To measure availability of universities, this paper uses total accredited capacity of all universities in the prefecture of...

Prepared for presentation at the Congress of the International Institute of Public Finance (IIPF) in Seville, Spain, 28-31 August 2000, for the session on the opportunity-equalizing effects of fiscal systems.University education is nowadays provided as public goods in the Czech Republic. Due to...

Multiple unordered treatments with a binary instrument for each treatment are common in policy evaluation. This multiple treatment setting allows for different types of changes in treatment status that are non-compliant with the activated instrument. Therefore, instrumental variable (IV) methods...

This paper estimates the impact of a postgraduate merit-based financial aid program in Colombia. Exploiting a regression discontinuity design using rich survey and administrative data, we find three main results by. First, credit constraints are binding and important even for talented...

We examine the teacher labour market in China using the 2005 mini-Census, in the context of the transformation of the world's largest education system. We first document a significant increase not only in quantity, but also in quality of teachers during 1990-2005. Instrumental Variables results...