This paper uses a unique policy change in Canada’s most populous province, Ontario, to provide direct evidence on the effect of reducing the length of high school on labour market outcomes for high school graduates. In 1999, the Ontario government eliminated the fifth year of education...

This paper studies the general equilibrium implications of two types of education policy in an overlapping generations growth model with second-best policy. We examine vouchers, which augment inherited private education spending, and public investment on economy-wide human capital, that provides...

The paper studies a two-sector economy with investments in human and physical capital and imperfect labor markets. Workers and firms endogenously select the sector they are active in, and choose the amount of their investments. To enter the high-skill sector, workers must pay a fixed cost that...

We develop a conceptual model of entrepreneurial exit which includes exit through liquidation and firm sale for both firms in financial distress and firms performing well. This represents four distinct exit routes. In developing the model, we complement the prevailing theoretical framework of...

Land reforms in India were aimed at securing access to land for poor rural households. We use data from West Bengal to highlight the impact of the state’s 1978 land reform program on human capital accumulation within the beneficiary households. The results from the study indicate that reform...

This paper investigated manner in which the manager's education affects the management of the firm. The manager's education functions as a necessary background when he/she is required to understand high technologies and international business information. We adopt variables that are...

In the summer of 1979, with the twentieth anniversary of the Portici Specialization and Research Centre approaching, Manlio Rossi-Doria began to draw up a report illustrating the aims of the Centre with an overview of the activities already performed. As his health deteriorated he found himself...