This paper investigates whether aspirations matter for education, which offers a common route out of poverty. We find … attending private education. These results are confirmed for outcomes at age 15. The findings provide direct evidence on the … contribution of mother aspirations to children's education outcomes and point to aspirations as a channel of intergenerational …

This paper develops a model of risky investment in education under disappointment aversion, modelled as loss aversion … around one's endogenous expectation. The model shows that disappointment aversion reduces the optimal investment in education … generated by the riskiness of education. Policies aimed at influencing students' expectations can reduce early dropout. …

This paper investigates two mechanisms through which education may affect cognitive skills in adolescence: the role of …. Overall, secondary education therefore seems to impact students'cognitive skills in adolescence especially through …

education. The document begins with a review of the theoretical background since the appearance of human capital theory proposed … by Becker (1964), which made way to the emergence of the Economics of Education in the mid-twentieth century. The other … characteristics that influence the demand for post-compulsory education, because it is this demand for education where the person or …