I use the introduction of tuition fees in seven out of the sixteen German states in 2007 as a natural experiment to identify the effects of tuition fees on enrollment probabilities of German high-school graduates. Based on information on enrollment decisions for the entire population of...

This paper addresses the importance of compositional changes in the labor force for the development of the wage distribution. Demographic change and higher educational attainment imply a shift toward employees with more experience and/or better education. These groups are characterized by higher...

In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled sector, successful graduation depends both on individual effort to study and on public resources. We show that insuring the present risks is a dichotomic task: Wage risk is...