This paper uses data from the implementation of a district-wide public school choice plan in Mecklenburg County, North Carolina to estimate preferences for school characteristics and examine the ir implications for the local educational market. We use parental rankings of their top three choices...

In a radical school choice reform in 1992, Sweden's education system was opened to private competition from independent for-profit and non-profit schools funded by vouchers. Competition was expected to produce higherquality education at lower cost, in both independent and public schools. This...

This paper studies the impact of Affirmative Action in a hierarchical education framework, explicitly taking students competition for higher education opportunity into account. Initial racial inequality translates into inferior development opportunity for students in the disadvantaged group,...

We study human capital accumulation in an environment of competitive search. Given that unemployed workers can default on their education loans, skilled individuals with a larger debt burden prefer riskier but better paid careers than is socially desirable. A higher level of employment risk in...

This paper surveys the recent literature on CEO compensation. The rapid rise in CEO pay over the past 30 years has sparked an intense debate about the nature of the pay-setting process. Many view the high level of CEO compensation as the result of powerful managers setting their own pay. Others...

This paper uses data from the implementation of a district-wide public school choice plan in Mecklenburg County, North Carolina to estimate preferences for school characteristics and examine their implications for the local educational market. We use parental rankings of their top three choices...