The demographic transition is perhaps the most important event to occur in human affairs during the last 250 years, since the time of the enlightenment. It started in the countries of north-western Europe, and it has gone on to affect the rest of the world (Dyson 2009). Signified by the...

We present in this paper the real importance and very contemporary human capital investment. Through a quantitative analysis, we present the level of human capital accumulation that countries are able to achieve. We also examine the significant part occupied by educational expenditure in the...

Does school accountability change the teacher composition in schools? We exploit a nested school accountability reform to estimate the causal effect of accountability on teacher mobility and teacher sorting. In 2003, lower secondary schools in Oslo became formally accountable to the school...

Purpose – The objective of this paper is to understand better the determinants of child labour and schooling in Bangladesh. Design/methodology/approach – This paper uses data from a survey based in rural Bangladesh and considers the children aged 5-17 years living in rural households in...

Youth unemployment has been and always will be an important item on the government's agenda. With youth unemployment rates reaching as high as 27 percent in 2016, twice as high as the overall unemployment rate, the future of the country is in danger. With today's generation having a great thirst...

We present in this paper the real importance and very contemporary human capital investment. Through a quantitative analysis, we present the level of human capital accumulation that countries are able to achieve. We also examine the significant part occupied by educational expenditure in the...

In this paper we analyse the sibling size and birth-order effect on educational achievement in Switzerland on the basis of PISA data. We find an overall modest size and birth-order effect. The sibling size effect, however, is a product of a substantial and significant negative size effect for...

This paper extends the standard human capital model with real options. Real options influence investment behavior when risky investments in human capital are irreversible and individuals can affect the timing of the investment. Option values make individuals more reluctant to invest in human...

Should a redistributive government optimally subsidize education to provoke a reduction in the skill premium through general equilibrium effects on wages? To answer this question, this paper studies optimal linear and non-linear redistributive income taxes and education subsidies in two-type...

This paper bolsters Prescott's (2004) claim that high taxes are responsible for lacklustre labor market performance in continental European countries. We develop a lifecycle model with endogenous skill formation, endogenous labor supply, and endogenous retirement. Labor taxation distorts not...