the estimates it produces may be biased. -- Education ; compulsory schooling ; compliance norms …

also provides a novel microfoundation for peer effects, with empirical implications for welfare and different education …

Justification for policies to encourage investments in education, particularly for individuals at the lower end of the … potentially loss averse around their expected outcome make risky investments in education and we draw on optimal tax theory to … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …

of peer effect we restrict to no-child-adult-peers who completed their education much before the children in our sample …

evaluate the relevance of time-inconsistent behavior for the effectiveness of education policies. For this purpose, we simulate … short-term costs while at school and (2) an increase in the state grant as a loan that must be paid back after education is …

choice of education is determined endogenously. Job opportunities in an informal sector are available only to workers who … choose not to acquire higher education. We find that increased punishment of informal activities increases the number of …