different approach to education. Efficient education is the foundation of modern society and it has the most important role in … preparing students for a very flexible labour market. Education is key for development and progress. The goal of this paper is … that consisted of demographic and economic data and information about previous education. Students' efficacy is measured by …

Enrolment rates to higher education reveal quite large variation over time which cannot be explained by productivity … fluctuations in the demand for education. Agents are heterogeneous in their beliefs about future wage differentials. An … belief. Costly access to information on the returns to education induces agents to use potentially destabilizing backward …