Individuals often select which university they will attend based on the institution's reputation. They do so to signal to employers their abilities, which may affect their hireability and wages. We study these signaling effects by exploiting a change in Ecuador's governmental university ranking...

High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well-being. This paper studies the importance of individual economic security, in particular, job security, in workers' well-being by exploiting sector-specific institutional differences...