This paper develops an original measure of learning in higher education, based on grades in subsequent courses. Using this measure of learning, this paper shows that student evaluations are positively related to current grades but unrelated to learning once current grades are controlled. It...

The authors develop an original measure of learning in higher education, based on grades in subsequent courses. Using this measure of learning, they show that student evaluations are positively related to current grades but unrelated to learning once current grades are controlled. They offer...

When firm-specific human capital is involved, both the worker and the employer have the incentive to prespecify future wages. This incentive arises from transaction costs associated with spot contracts and from opportunistic bargaining which may occur during the postinvestment period. In...