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Existing estimates of the labor-market returns to human capital give a distorted picture of the role of skills across different economies. International comparisons of earnings analyses rely almost exclusively on school attainment measures of human capital, and evidence incorporating direct...
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relationship between agglomeration externalities and the level of education. While the positive relationship between economic … relationship between density and productivity for workers with different types of education. Apart from estimating the impact of … aggregate density, we also estimate whether the composition of the local labor market in terms of education is related to the …
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This paper estimates the effect of graduating from college on lifetime earnings. Motivated by the fact that nearly half of all college students fail to earn a bachelor's degree, we study a model of risky college completion. The central idea is that students drop out of college mainly because...
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economic success goes both ways. Using data on the study of foreign languages during compulsory education in European countries …
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education, which lowers future wages, and the present value of foregone wages decreases with age. Consumption is hump shaped …
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