The paper enriches a standard signaling model of education with issues of social distance defined over educational … growing average level of schooling. As education rises, signals get noisy and potentially harmful for what concerns firms … these dynamics are in line with recent trends and other stylized facts about education. …

provision of education with and without capital markets integration. First, they explore how regimes of education provision … transitory and long-run effects of capital markets integration, in equilibrium, on the optimal provision of education and growth …. Third they examine a competition game where countries compete in the provision of public education. …

We develop a product market theory that explains why firms invest in general training of their workers. We consider a …