Variations in the Wage Returns to a First Degree: Evidence from the British Cohort Study 1970 As in many other countries, government policy in the UK has the objective of raising the participation rate of young people in higher education, while increasing the share of the costs of higher education paid by students themselves. A rationale for the latter element comes from evidence of a high priv...

for banks and financial institutions, credit risk had been an essential factor that needed to be managed well. credit risk was the possibility that a borrower of counter party would fail to meet its obligations in accordance with agreed terms. credit risk; therefore arise from the bank’s dealings with or lending to corporate, individuals, and other banks or financial institutions.  credit risk...

An exploratory survey was conducted to analyse the consumers’ (students’) evaluation of private higher education sectors in Bangladesh with particular reference to the quality as well as the cost of education. The sample was taken on a random basis from about ten private universities in the Dhaka metropolitan area. The respondents (students) were asked to evaluate the quality and the cost of ed...

Pregnancy discrimination is a little known area covered by Title IX. According to the Title IX regulations, areas of prohibited discrimination include: admissions; hiring; coursework accommodations and completion; pregnancy leave policies and status protection upon return from leave; and health insurance coverage. These regulations will soon get more attention as the Obama Administration insist...

Economists have speculated for at least a century that the social return to education may exceed the private return. In this paper, I estimate spillovers from college education by comparing wages for otherwise similar individuals who work in cities with di*erent shares of college graduates in the labor force. A key issue in this comparison is the presence of unobservable characteristics of indi...

This paper presents empirical evidence that links private investment to rate of return differential, risk aversion, and several types of political and economic risk. Estimating private investment equation for a panel of 25 developing countries over 21 years yields the following results: (i) socio-political instability characterized by nonviolent protests promotes private investment while violen...

This paper suggests a solution to what has become known as the "private equity premium puzzle" (Moskowitz and Vissing-Jorgensen (2002)). We interpret occupational choice as a dynamic portfolio choice problem of a life-cycle investor facing a liquidity constraint and imperfect information about the profitability of potential businesses. In this setting, becoming an entrepreneur is equivalent to ...

An individual’s choice of schooling level represents an equilibrium between the marginal rate of return to education and the marginal cost. To estimate the marginal rate of return at each schooling level, I use a Mincer type regression that is more general than in the standard literature, as well as a semiparametric approach. In light of the question raised by Heckman et. al. (1998) about the c...

a r t i c l e i n f o JEL classification: D78 H42 H75 I24 O15 Keywords: Fiscal federalism Local government expenditures Political economy Education policy Municipalities What drives governments with similar revenues to provide very different amounts of goods with private sector substitutes? Education is a prime example. I use exogenous shocks to Brazilian municipalities' revenue during 1995–200...