How does the financial aid allocation mechanism affect student behavior? We provide a framework for quantifying the impact of financial aid on student debt, academic capital, and labor market outcomes. We specify and estimate a dynamic discrete choice model of simultaneous education, work, and...

We study the labor market returns to a State guaranteed loan used to finance university degrees in Chile. Using a regression discontinuity design, we show that marginally eligible students forego vocational education in favor of universities but reduce their probability of graduation. Despite...

Without education, development will not occur, only an educated people can command the skills necessary for sustainable economic growth and for a better quality of life. Recognizing this fact, African governments have placed heavy emphasis on expanding educational opportunities from primary...

This paper presents a connecting methodology in order to trace the emerging dynamics of inequality for the youth populace of Europe. We determine that the development of these dynamics are directly affected by the advancement of technology, and especially related to Information and Communication...

The paper considers the teachers' labour market in Italy. The quality and motivation of teachers are certainly among the determinants of pupils' achievement, but they are difficult to measure, so we examine the composition of the pool of teachers and their behaviour to infer information about...

The education system has reacted slowly to changes in labour market needs, leading to an increasing number of school leavers without sufficient qualification. In addition, declining PISA scores and a rising share of low achievers are raising concerns about the quality of the future labour force....

The term skill mismatch is very broad and can relate to many forms of labour market friction, including vertical mismatch, skill gaps, skill shortages, field of study (horizontal) mismatch and skill obsolescence. In this paper we provide a clear overview of each concept and discuss the...

Learning at school and university and also at the work place has become more important in the knowledge-based economy. This paper provides a critical review of recent econometric work on the determinants and impacts of training in Europe. Training has non negligible positive effects for firms...

The various deficiencies of the labour market and the educational system have resulted in high unemployment, low labour force participation, low skills levels and high skill mismatch. Job creation is key to tackling the high unemployment rates, especially for the young and long-term unemployed....

In many countries there is a considerable gender gap in enrolment for a bachelor’s degree in Economics, arguably an important stepping stone towards positions of influence in policy making and occupations paying relatively high wages. We investigate the sources of this gap by looking in detail...