Does a ban on grade inflation bring about better information transmission? This paper studies grade inflation in a framework in which a sender (the professor) sends a signal (GPA's) about the students' knowledge to receivers (employers in the job market). If students' ability increases annually,...

Having unique data we investigate the link between job separations (displacement and quits) and informal employment, which we define in several ways posing the general question whether the burden of informality falls disproportionately on job separators in the Russian labor market. After we have...

This paper surveys the theoretical approaches used in the literature to study the phenomenon of delayed graduation and university dropout. The classical human capital model does not contemplate failure, which the amended human capital model does. Delayed graduation and university dropout are two...