The paper estimated the marginal private and social rates of return for education investments over time (1988, 1990, and 1995) using the “elaborate method” and Mincer equation. Rates of return estimates in general were relatively stable, mostly increasing between 1988 and 1990, but fell in...

Since Georgia unveiled its HOPE Scholarship in 1993, at least 15 other states have implemented or proposed merit-aid programs based on the HOPE model. A common justification for these actions is to promote and reward academic achievement, thereby inducing greater investments in human capital....

The number of students of higher education rose significantly in Hungary in the nineties. Many people forecast the decrease of the income benefit of the higher qualification and the decline of the rates of return for investment in higher education. We analyse the time course of the difference...

Since Georgia unveiled its HOPE Scholarship in 1993, at least 15 other states have implemented or proposed merit-aid programs based on the HOPE model. A common justification for these actions is to promote and reward academic achievement, thereby inducing greater investments in human capital....

This article analyzes the consequences of integration in public education. I show that the flight from the integrated multicultural public schools to private education increases private educational expenditures and, as a result, decreases fertility among more affluent parents whose children...

This paper examines the effect of birth order and family size on human capital using a consistent measure of cognitive skills across a diverse set of countries with different levels of development from PISA dataset. Using a birth order index that is orthogonal to family size, as well as...

Using a large-scale novel panel dataset (2005–14) on schools from the Indian state of Assam, we test for the impact of violent conflict on female students' enrollment rates. We find that a doubling of average killings in a district-year leads to a 13 per cent drop in girls' enrollment rate...

Using a large-scale novel panel dataset (2005-14) on schools from the Indian state of Assam, we test for the impact of violent conflict on female students' enrollment rates. We find that a doubling of average killings in a district-year leads to a 13 per cent drop in girls' enrollment rate with...