We provide a normative analysis of endogenous student and worker mobility in the presence of diverging interests between universities and governments. Student mobility generates a university competition effect which induces them to overinvest in education, whereas worker mobility generates a...

In the education literature, it is generally acknowledged that both credit and insurance for students are rationed. In order to provide a rationale for these observations, we present a model with perfectly competitive banks and risk averse students who have private information on their ability...

We develop a multiple-events model and exploit within and between country variation in the timing, type and level of intensity of various non-pharmaceutical interventions to study their dynamic effects on the daily incidence of COVID-19 and on population mobility patterns across 135 countries....

We develop a multiple-events model and exploit within and between country variation in the timing, type and level of intensity of various non-pharmaceutical interventions to study their dynamic effects on the daily incidence of COVID-19 and on population mobility patterns across 135 countries....