This paper examines how the growth in the number of foreign students enrolled in graduate programs affects native enrollment in those programs. Although there is little evidence of a crowdout effect for the typical native student, the impact of foreign students on native educational outcomes...

This paper examines how the growth in the number of foreign students enrolled in graduate programs affects native enrollment in those programs. Although there is little evidence of a crowdout effect for the typical native student, the impact of foreign students on native educational outcomes...

We study human capital accumulation in an environment of competitive search. Given that unemployed workers can default on their education loans, skilled individuals with a larger debt burden prefer riskier but better paid careers than is socially desirable. A higher level of employment risk in...

Building upon some education studies finding that cooperative behaviour in class yields better achievements among students, this paper presents a simple model showing that free riding incentives lead to an insufficient degree of cooperation between schoolmates, which in turn decreases the...

Choice and competition in education have found growing support from both policy makers and academics in the recent past. Yet, evidence on the actual benefits of market-oriented reforms is at best mixed. Moreover, while the economic rationale for choice and competition is clear, in existing work...