In this paper we investigate wage determination among professional football players ranked in the Italian A and B series. Since football is a highly labor intensive activity, both scale economies and scarcity of the most talented players emerge as the main determinants of the high earnings...

Formal schooling increases earnings and provides other individual benefits. However, societal benefits of education may exceed individual benefits. Research finds that increased average education levels in an area are correlated with higher earnings, even for locals with relatively little...

This study examines the extent to which changing the composition of college majors among working-age population may affect the supply of human capital or effective labor supply. We use the South Korean setting, in which the population is rapidly aging, but where, despite their high educational...

"As in many other countries, government policy in the UK has the objective of raising the participation rate of young people in higher education, while increasing the share of the costs of higher education paid by students themselves. A rationale for the latter element comes from evidence of a...

Estimates of a high average return to a degree for UK graduates have provided a policy rationale for increasing the share of the costs of higher education borne by UK students over recent decades. We use evidence from a cohort of people born in 1970 to estimate hourly wage returns to a...

This article presents new evidence on urban-rural migrant wage differentials of workers in full-time employment in China. It utilises a nationally representative data set, recent matching techniques, and IV estimation methods to evaluate conditional and unconditional quantile treatment effects...

As in many other countries, government policy in the UK has the objective of raising the participation rate of young people in higher education, while increasing the share of the costs of higher education paid by students themselves. A rationale for the latter element comes from evidence of a...

In organizations, teams are ubiquitous. 'Weakest Link' and 'Best Shot' are incentive schemes that tie a group member’s compensation to the output of their group’s least and most productive member, respectively. In this paper, we test the impact of these incentive schemes by conducting two...

We use a unique data set about the wage distribution that Swiss students expect for themselves ex ante, deriving parametric and non-parametric measures to capture expected wage risk. These wage risk measures are unfettered by heterogeneity which handicapped the use of actual market wage...

This paper uses the NLSY to examine 1) the returns to two-year college, 2) whether attendance at a two-year college helps students to transfer to four-year college, and 3) whether reducing tuition would alter attendance by enough to affect labor outcomes. I find that the returns to a year of...