also provides a novel microfoundation for peer effects, with empirical implications for welfare and different education …

This paper shows that returns to education are not enough to capture all the returns to human capital. Using …

. Consequently, too few workers may acquire skills. This allows for the possibility that subsidizing education is welfare improving …-between subsidizing education and thereby reducing unemployment and optimizing welfare may be eliminated. We analyse this issue in a …

different incentives to acquire education for the two ethnic groups. Using rich Danish administrative data, this paper finds … evidence that greater negative attitudes increase incentives for males to acquire education and that networking also increases … immigrant education. …

Canonical human capital theories posit that education, by enhancing worker skills, reduces the likelihood that a worker … education records from 1987 through 2002 to nationally representative surveys conducted before and after the onset of COVID-19 … in Barbados to explore the causal impact of improved education on job loss during this period. Using a regression …