This paper quantifies the earnings premia attained by college graduates with different single and double major combinations per year and in aggregate over an eleven-year period. I use data from the National Longitudinal Survey of Youth 1997 cohort to produce a multiple regression model. To...

We explore a potential source of human capital spatial disparities: the unequal access to tertiary education caused by the absence/presence of a local university. Because the entrance to a university is a sequential process in the Czech Republic we model both a student's decision to apply to a...

This paper evaluates the first year of Harvard's Financial Aid Initiative, which increased aid and recruiting for students from low income backgrounds. Using rich data from the Census and administrative sources, we estimate family incomes for the vast major of plausible applicants from the U.S....

Education as a way of increasing human capital is considered to be a basic factor of the growth process of the aggregate economy. The returns to investment into human capital are thus an important issue to analyze. In his PH.D thesis Mr Roope Uusitalo studies the effects of education on earnings...

With the beginning of the new millennium it has become more and more apparent that education and human capital constitute a key element of modern economies. Despite the important role of human capital in modern societies, there are still many unknowns about the process of educational production...

I study the size and sources of the monetary return to college achievement as measured by cumulative Grade Point Average (GPA). I first present evidence that the return to achievement is large and statistically significant. I find, however, that this masks variation in the return across...

Despite progress over the past decades, Greece?s educational indicators lag behind those of other OECD countries. PISA scores are low, a large number of tertiary students study abroad, and attainment rates are low at all levels of education. Resources devoted to education are also modest....

This study uses administrative data linking students and teachers at the classroom level to evaluate teacher quality and joint production in secondary school. Teacher quality is measured by value-added to student test scores in math and reading. Although empirical research has struggled to link...

It is well known that higher education financing involves uncertainty and risk with respect to students’ future economic fortunes, and an unwillingness of banks to provide loans because of the absence of collateral. It follows that without government intervention there will be both socially...

In line with the EU's goal of becoming a knowledge-based society, education and lifelong learning will also feature prominently on the agenda of the European Year. EU should use the current economic crisis to develop strategic goals both at European and national level and improve conditions for...