We investigate whether universities select by, or also shape, their students' personality, as implied by the human capital investment model. Using a nationally representative sample of Australian adolescents followed over eight years, we find that youth conscientiousness, internal locus of...

In the last decades, countries in Latin America and the Caribbean have experienced a dramatic increase in the levels of higher education enrollment. Using administrative data from Chile and Colombia, we find that this phenomenon is not always associated with higher private individual returns. In...

In 1999, the "Bologna Process" was initiated to improve higher education enrolment, study success and students' employability across Europe, mainly by introducing the two-cycle degree structure of Bachelor (BA) and Master (MA). More than 20 years later, we examine whether these goals were met by...