Human capital contracts give private investors the right to share of students' future earnings in return for a financial contribution during their studies. Although still rarely used, human capital contracts could not only help to completement limited public funding for higher education but...

Human capital contracts give private investors the right to a share of students' future earnings in return for a fi nancial contribution during their studies. Although still rarely used, human capital contracts could not only help to complement limited public funding for higher education but...

Risk averse investors have to be compensated in higher expected returns when facing investments with higher risk. Education is an important investment therefore we use the results for 16 countries to test the positive relationship between return to education and the risk involved in this...

Slow onset climate change has the potential to cause significant migration flows. Scientists have recently made considerable efforts to quantify these flows based on empirical methods. However, the literature on international migration has failed to come to a clear conclusion as many studies...

Medical innovation enhances labor health, promotes human capital productivity, and influences asset prices. Using a manually collected dataset on drug approvals to identify medical innovation, I first confirm its direct impact on human capital -- a higher medical innovation shock predicts a...

This paper estimates economic returns to physical capital and inherent ability among Indonesian fishermen using a natural experiment. By exploiting the quasi-random variation in the length of fishing boats generated by an aid program among survivors of the 2004 Indian Ocean tsunami, it is found...