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

calibrated version we and that education always increases if life expectancy rises but the effect on the capital stock is still … potentially offsetting effects at work in models with endogenous education and overlapping generations which is key for …

Education is argued to be an important driver of the decision to start a business. The measurement of its influence … US. Theeffect of education on the decision to become self-employed is found to be strongly positive,much higher than the … estimated effect in case no instrumental variables are used. That is, thehigher the respondent's level of education, the greater …

where workers obtain their own set of suitable and unsuitable high-skilled labor tasks by receiving education. Under a … rational expectation, they receive education. We show that as a consequence of the increased automation of high-skilled tasks …

analytical discussion of all determinants of the decision to terminate education and enter the labor market. Further, as we are …