Wage inequality in Chile has remained high for decades and it is currently at the center of the political agenda. Increasing education of workers is expected to contribute to reduce wage inequality. Based on historical trends of age, education, and returns to education, this paper attempts to...

Enrollment rates to higher education reveal quite large variation over time which cannot be explained by productivity shocks alone. We develop a human capital investment model in an overlapping generations framework that features endogenous fluctuations in the demand for education. Agents are...

A majority of the European Union (EU) states are facing labor and skill shortages in various sectors, along with high rates of unemployment. The sectors are I.T, health, consumer & commercial services, education, construction, engineering, to name a few. The root causes are mismatch between...