People care about their relative standing in society and therefore compare themselves to relevant others. Empirical findings suggest that there are concerns for relative standing for different goods and life domains such as income, cars, attractiveness, and supervisor's praise. Even education...

This paper examines the role of social capital--the set of supportive interpersonal interactions that exists in the family, community, and school--in promoting educational achievement. Employing data on public school students from the National Education Longitudinal Survey (NELS) and other...

Does the choice of the field of study depend on individual risk aversion? The direction of the relationship between individual risk attitudes and type of college major chosen is potentially ambiguous. On the one hand, risk adverse individuals may prefer majors allowing high returns on the labour...

There is wide consensus that entrepreneurial talent is the ability to discover and exploit market opportunities by taking the relevant risky decisions. Discovery and exploitation are separate but interlinked features of entrepreneurship requiring, in different proportions, the exploitation of...

The importance of investing in host country-specific human capital such as domestic language proficiency and domestic education is often cited as a determining factor for the labor market success of immigrants. This suggests that entirely domestic educations should even out the playing field...

The importance of investing in host country-specific human capital such as domestic language proficiency and domestic education is often cited as a determining factor for the labor market success of immigrants. This suggests that entirely domestic educations should even out the playing field...

There is wide consensus that entrepreneurial talent lies in the ability to discover and exploit market opportunities by taking the relevant risky decisions. By determining the nature of the discovery and exploitation processes, institutions and technology play an essential role in shaping...

Il dibattito sulla frammentazione e fragilità del sistema imprenditoriale italiano di fronte alle sfide dell’economia della conoscenza e dell’internazionalizzazione si intreccia con quello relativo al funzionamento dei meccanismi di generazione e di allocazione del capitale umano. Tale...

This research establishes empirically that existing cross-language variations in the structure of the future tense and the presence of grammatical gender affected human capital accumulation. Exploiting variations in the dominant languages among migrants from the same countries of origin, the...

This paper examines subjective social status to test whether individual comparisons are driven by income and wealth, or social and cultural capital as defined by Bourdieu. The empirical analysis uses a cross-sectional data set of 18 European countries and a mixed model with an MCMC estimation...