Policies need not only to be well designed to effectively address market failures, but their parameters also need to be part of agents' information sets. This is illustrated by government student loans in the Netherlands which are intended to alleviate liquidity constraints. Despite generous...

Policies need not only to be well designed to effectively address market failures, but their parameters also need to be part of agents' information sets. This is illustrated by government student loans in the Netherlands which are intended to alleviate liquidity constraints. Despite generous...

See also the article in <A href="http://www3.interscience.wiley.com/search/allsearch?mode=quicksearch&products=journal&WISsearch1=1099-1255&WISindexid1=issn&contentTitle=Journal+of+Applied+Econometrics&contextLink=blah&contentOID=4079&WISsearch2=Leuven&WISindexid2=WISauthor&articleGo.x=14&articleGo.y=9"><I>Journal of Applied Econometrics</I></A>, 2008, 23(4), 423-34.<P>

In a randomized field experiment where first year university students could earn financial rewards for passing all first year requirements within one year we find small and non-significant average effects of financial incentives on the pass rate and the numbers of collected credit points. There...

This paper reports about a randomized field experiment in which first year economics and business students at the University of Amsterdam could earn financial rewards for passing the first year requirements within one year. Participants were assigned to a high, low and zero (control) reward...

This paper proposes a new approach to identify the wage eects of training.The idea is to narrow down the comparison group by only taking into consideration theworkers who wanted to participate in training but did not do so because of some randomevent. The point estimate of the return to training...

Standard economic theory predicts that firms will not invest in general training and will underinvest in specific training. Empirical evidence, however, indicates that firms do invest in general training of their workers. Evidence from laboratory experiments points to less underinvestment in...