Providing income support to unemployed education-leavers reduces the returns to investments in education because it … conditioning the prospective entitlement to unemployment benefits for education-leavers on age or schooling attainment can affect … degree completion and reduce dropout in higher education, but not in high school. We argue that the higher prevalence of …

Providing income support to unemployed education-leavers reduces the returns to investments in education because it … conditioning the prospective entitlement to unemployment benefits for education-leavers on age or schooling attainment can affect … degree completion and reduce dropout in higher education, but not in high school. We argue that the higher prevalence of …

Milton Friedman’s theory that open competition in education facilitated by state-funded vouchers would better serve the …

This paper studies the impact of exam luck on individuals’ education and labor market success. We leverage unique … features of the Norwegian education system that produce random variation in the content of the exams taken by students at the … those generated by well-known education inputs, such as parental education and teacher quality …

, still graduate from college but with much lower returns to education. High-income applicants who just miss the cutoff … affordable higher education in promoting social mobility …

We study the link between individual skills, education, and wealth inequality through the channel of financial … and a welfare-maximizing policymaker who subsidizes education using taxes on capital income. The key model insight reveals … that education improves individuals’ evaluation skills and prevents otherwise unskilled investors from making detrimental …

wealth earned by highly educated individuals (education premium). Importantly, we quantify the fraction of the premium due to … time, and we find that both significantly matter for the beneficial effect of education on returns to wealth …