This paper examines the role of education as causal channel through which growing up poor affects the economic outcomes …, our results reveal a significant role of education in this intergenerational transmission. These results are particularly …

We illustrate a novel informational feature of education, which the government may utilize. Discretionary decisions of … individuals to acquire education may serve as an additional signal (to earned labor income) on the underlying unobserved innate … education, as a supplement to the labor income tax. …

positively skewed. Our best guess of ex ante risk in university education is a coefficient of variation of about 0.3, comparable …

economic institutions and quantitative measures of tertiary education cannot. Under the growth model estimates and plausible … evidence on which education policy reforms may be able to bring about the simulated improvements in educational outcomes. …

This paper examines the 1997 additions to the Current Population Survey education question. These new questions allow … imputed "highest grade completed" is one-tenth grade greater and the estimated return to education .6 to 1 percentage points …

expected, students who perceive the monetary returns to education to be higher are more likely to intend to continue in full …-time education. However, the main driver is the perceived consumption value, which alone explains around half of the variation of the … intention to pursue higher education. Moreover, the perceived consumption value can account for a substantial part of both the …

income, and to calculate certainty equivalent lifetime income at different levels of education. We find that university … education is associated with about a half a million euro increase in discounted lifetime disposable income compared to … with only moderately higher lifetime income compared to compulsory education, and the entire difference is due to …