The human capital crisis, reflected in the weak global competitiveness of African education, has questioned the effectiveness of public spending in increasing educational outcomes in the continent. Thus, this article examines the impact of government education expenditure on educational outcomes...

In this paper, we investigate the short-run effects of the Covid-19 pandemic on vocational education and training after the first lockdown in the year 2020 in Germany. We exploit rich establishment-level survey data to estimate the causal effects of the pandemic by applying...

This paper evaluates the long-term consequences of parental death on children's cognitive and noncognitive skills, as well as on labor market outcomes. We exploit a large administrative data set covering many Swedish cohorts. We develop new estimation methods to tackle the potential endogeneity...

We use several datasets to study whether son preference prevails in the human capital investment among Chinese rural-urban migrant households. We find that son preference exists among the rural migrants' households and that it caused lower probabilities relative to that of their boy counterparts...

Re-licensing requirements for professionals that move across borders are widespread. In this paper, we measure the returns to an occupational license using novel data on Soviet trained physicians that immigrated to Israel. An immigrant re-training assignment rule used by the Israel Ministry of...

We analyse the economic returns in lifetime labour income of different educational paths in Germany, especially the difference between university studies and vocational training. New data allows us to calculate cumulative labour earnings at different ages and to compare not only the highest...

Part II. After discussing in the first part of the paper alternative approaches to measuring the value of the stocks of human capital its second part provides empirical estimates of Russia’s human capital based on the lifetime income approach. The results show that using an annual discount...

Part I The paper provides monetary estimates for Russia’s human capital. In its first part the two main methods for estimating the value of the stocks of human capital are discussed — cost based and income based, or the retrospective and prospective ones. Particular emphasis is placed upon...

We study a unique sample of 1,547 nascent entrepreneurs in Germany and analyze which factors are associated with their self-reported satisfaction regarding their start-up. Our study identifies a new facet of procedural utility and offers new insights about the motivations and goals of nascent...

The paper is based on an individual life-cycle model, which describes the purely economic components of human capital. The present value of human capital is determined by all future income flows, which at the same time constitute the individual as well as the total tax base of a nation....