Many student internships are short term and do not delay graduation. Some internships however are lengthier and delay graduation by a whole year. These internships, in addition to facilitating the transition from school to work, are expected to have educational benefits. This paper estimates the...

This paper analyses two questions. First, how do otherwise similar people across four countries end up in fourdifferent employment states: 1) full-time with a regular contract, 2) part-time with a regular contract, 3) fixedterm contract full-time or part-time and 4) self-employed? Second, how do...

We study the effects of liquidity constraints and start-up costs on the relationship between wealth and the fraction of entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship. The model predicts that, with liquidity...