This report examines the role of education in fostering the economic integration of immigrants. It is organized in five sections. In the first section, we look at the educational attainment of first and second generation immigrants in Europe, as compared to the US. In the second section, we...

This paper analyses the turnover of board of directors members on a sample of companies listed on the Milan Stock Exchange in the period 1988-1996. Our aim is to investigate if board members change more frequently when company performance is poor, as the literature suggests, if this relationship...

According to Becker [1964], when labour markets are perfectly competitive, general training is paid by the worker, who reaps all the benefits from the investment. Therefore, ceteris paribus, the greater the training wage premium, the greater the investment in general training. Using data from...

Secondary schools in the developed world differ in the degree of differentiation and in the first age of selection of pupils into different tracks. In this paper, we account for the heterogeneity of tracking time with a simple stochastic model which conjugates the returns from specialization...

This report focuses on the social and economic resilience that might be achieved by well-designed and well-targeted investment in education. It provides a review of the individual and social returns of education in terms of both economic and non-economic effects. The most important economic...