This paper challenges the idea that returns to schooling in self-employment are similar to those in wage work by establishing a non-linear relationship with very low returns for most educational levels in self-employment. We conclude that previous log-linear specifications in the self-employment...

We argue that formal schooling and wage-work experience are complementary types of human capital for entrepreneurs. Strong empirical support is found for this hypothesis as the interaction term between schooling and actual wage-work experience enters positively and significantly in a Mincer...

This article argues that the “fiscal trilemmaâ€â€”the tension between sufficient revenue and long-run fiscal sustainability on one side; medium- to long-run growth opportunities on the other; and progressivity and avoidance of inequality on the third side—is very much present...