This study addresses an open debate in the literature about the direct effects of measures of school quality on workers' earnings in the labor market. Card and Kureges (1996) argue that the young sample that Betts (1995) uses understates the effects of the measures of school quality on earnings....

Labor market dualism has caused a persistent wage gap between formal and informal workers in Indonesia. This study aimed to decompose the wage difference between formal and informal workers based on cohorts in Indonesia and further analyze the factors that influence this gap. This allowed us to...

This paper examines the empirical validity of Nicolosi's optimal strategy for a hedge fund manager under a specific payment contract. The contract specifies that the manager's payment consists of a fixed payment and a variable payment, which is a performance-based payment. The model assumes that...