Homeownership has important economic implications for society and individuals. At the social level is the greater civic engagement that homeowners tend to exhibit, while at the individual level an important outcome associated with housing tenure is better education outcomes, especially for...

Parents generally care for their kids, either for altruistic or for strategic reasons. To secure them a better life than their own, they can invest in the children's human capital or accumulate real wealth to bequeath to them. In equilibrium, with complete markets and no imperfection, the...

This paper analyzes how the implicit difference in time horizons between refugees and economic immigrants affects subsequent human capital investments and wage assimilation. The analysis uses the 1980/1990 Integrated Public Use Samples of the Census to study labor market outcomes of immigrants...

The labor market "quality" of immigrants is a subject of debate among immigration researchers, and a major public policy concern. However, traditional methods of measuring human capital are particularly difficult to apply to recently arrived immigrants. Many factors that have a negative effect...

Historical, longitudinal data are used to track the earnings of cohorts of immigrant and U.S.- born women over time. The longitudinal data circumvent potential cohort biases that afflict cross-sectional analyses of immigrant earnings growth and biases due to immigrant emigration and other issues...

This paper suggests that in the US context, workers tend to invest in general human capital especially since they face little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration of jobs) favors specific human capital investments....

Since Georgia unveiled its HOPE Scholarship in 1993, at least 15 other states have implemented or proposed merit-aid programs based on the HOPE model. A common justification for these actions is to promote and reward academic achievement, thereby inducing greater investments in human capital....

This paper models the tradeoffs between education in secular subjects, formal and informal, and the formation of religion-specific human capital. It explores some implications of negative externalities between religious and secular education. Applications include the tension between science and...