sector, high youth unemployment, weak private sectors, rapidly growing but highly distorted educational attainment, and low …

sector, high youth unemployment, weak private sectors, rapidly growing but highly distorted educational attainment, and low …

Within a model where the parents make the decisions relating to their children’s education, we show that skill dynamics … normally results in a sub-optimal situation involving income per capita. This derives from an under-education trap that is …

I use the European Community Household Panel to ask whether unemployment affects the relationship between education and … from the experience of unemployment. This result partially compensates the fact that more education reduces the incidence … subsequent earnings growth. show that individuals with more education have more to lose in terms of subsequent earnings growth …

simple model of routinization. High-ability workers, after having received additional education, can substitute low …-ability co-workers by machines. Technical progress results in more high-ability workers receiving additional education and in a … declining wage for low-ability workers. A government opposes both unemployment and wage inequality. I calibrate the model and …

in favour of human capital investments. This effect is strengthened when education no longer is a pure investment, but … investments, and it reduces the price of education as a consumption good. By introducing a progressive labour income tax, the …

in favor of human capital investments. This effect is strengthened when education no longer is a pure investment, but … investments, and it reduces the price of education as a consumption good. By introducing a progressive labor income tax, the …