Economists have long believed that investments in education, or “human capital,” are an important source of economic growth. Over the last 40 years output has grown about 3.5 percent a year and the productivity of labor has grown about 2.4 percent per year. The contribution of education to labor productivity growth is estimated to be between 13 and 30 percent of the total. Further, many people ...

We develop a model of schooling and skill acquisition, highlighting informational asymmetries that distort the incentives to educate. A key feature of our model is that education acts simultaneously as a signaling device and as a method for workers to enhance their productivity. We show that when firms can only imperfectly screen workers, this results in an economy in which too many workers pur...

Gender-Job Satisfaction Differences across Europe: An Indicator for Labor Market Modernization In 14 member states of the European Union, women’s relative to men’s levels of job satisfaction are compared by using data of the European Household Community Panel. The countries under consideration can be assigned to three different groups. Denmark, Finland and the Netherlands do not show significan...

Female Labour Supply, Human Capital and Welfare Reform We consider the impact of tax credits and income support programs on female education choice, employment, hours and human capital accumulation over the life-cycle. We analyze both the short run incentive effects and the longer run implications of such programs. By allowing for risk aversion and savings, we quantify the insurance value of al...

BACKGROUND Midwives are one of the most important health care providers and meeting their professional educational needs can be effective in maternal and child health promotion. AIM The aim of this study was to investigate the midwives' perspectives towards their educational needs. METHODS In this cross-sectional study which was conducted in 2012 in Sari, North of Iran, 223 midwives during ...

Returns to Private Education in Peru The private provision of educational services has been representing an increasing fraction of the Peruvian schooling system, especially in recent last decades. While there have been many claims about the differences in quality between private and public schools, there is no complete assessment of the different impacts of these two type of providers on the la...

Personality undoubtedly plays a role in determining educational attainment and labor market outcomes. We investigate the role of self-esteem in determining wages directly and indirectly via education. We use data from the 1979 wave of the National Longitudinal Study of Youth (NLSY79) to estimate a three equation simultaneous equation model that treats self-esteem, educational attainment, and re...