This paper characterizes the determinants and implications of private schooling in a large and detailed set of French data. Empirical models detect negative selection into private schooling on observable and unobservable ability, while State-provided education appears more suitable to students...

Labour incomes depend on structural as well as politico-economic factors, because labour market policies partially remedy the financial market imperfections that make labour income shocks difficult to insure, and have different implications for labour and capital income. This paper illustrates...