The objective of this paper is to investigate the incentive structure of higher education and the role of social capital in it. In the beginning are proven the limited capabilities of the market mechanisms to stimulate the creation of high quality educational outcomes. After that are revealed...

This paper provides estimates of the short-term individual returns to Higher Education (HE) in the United Kingdom, focusing on the effects of attending HE on the labour market outcomes for dropouts. Results show differential labour market outcomes for dropouts vs. individuals who have never...

This paper identifies pivotal factors behind individual decision-making in the transition from high school to post-secondary education in the Netherlands. We apply a multinomial logit framework to individual data on post-secondary education choices. Specifically, our modeling approach...