Identification of the strength of human capital externalities at the aggregate level is still not fully understood. The … existing method may yield positive or negative externalities even if wages reflect marginal social products. We propose an … approach that yields positive average human capital externalities if and only if the marginal social product of workers with …

-linked externalities (JLEs). JLEs emerge when wages exceed the opportunity cost of labor (labor externalities), or when there are social … gains from creating better jobs for some classes of worker, such as women or youth (social externalities). Like all … externalities, JLEs create a gap between private and social rates of return. Investments can be socially profitable (once the …

individual preferences and enjoy positive leisure-dependent externalities. For instance, a global sociological change where the …

This paper models the tradeoffs between education in secular subjects, formal and informal, and the formation of … religion-specific human capital. It explores some implications of negative externalities between religious and secular … education. Applications include the tension between science and religion during the European Enlightenment and the development …

selection. Building on their framework we demonstrate that externalities between agents - an agent's utility upon accepting a … when the size of the externalities is arbitrarily small. Our result highlights the degree of control a principal has over …