In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled … enhancing the quality of education. The necessary expenditures are optimally financed by regressive tuition fees and the net …

. Applying this logic to Education, he recommended that students be provided with vouchers and allowed to purchase schooling …

The purpose of this paper is to study how education shapes the allocation of talent. To model the link between … education and the allocation of talent, we add two features to a Spence (1974) type of two-sector education model. First …, performance contracts give a worker incentives to choose the sector where (she believes she is) most productive. Second, education …

migration, occupational choice, and earnings where, upon completing their education, individuals choose a location in which to … estimates of the returns to business and STEM majors relative to education majors are biased upward by 15% on average. Using …

In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled … enhancing the quality of education. The necessary expenditures are optimally financed by regressive tuition fees and the net …

bounds we assess the effects of the Job Corps (JC) training program on its participants' last complete employment spell … duration. Our estimated bounds suggest that JC participation may increase the average duration of the last complete employment … treatment assignment and experience a complete employment spell whether or not they enrolled in JC. The estimated quantile …

workers in employment. In my model, knowledge (in a broad sense) is an input into the production function of human capital … intensity; their wages fall, which reduces inequality between them and the least skilled. Those who win can spread their ability … over a larger market and because of that enjoy a larger increase in wages than the least skilled, which tends to increase …

We show why considering a number of education-dependent covariates in the wage equation decreases coefficient of … education in the wage equation. We use a meta-analysis of results for Portugal to show, empirically, that this is the case. The … coefficient decreases when we use covariates that can be considered post education decisions; it is independent of the sample size …

the macro literature on education and growth. The fraction of the population more efficient at producing skills in the …) effect education on growth measured in the empirical literature. …