This paper estimates spillover effects of investing in new early childhood education centers on the outcomes of children that did not attend those centers. I find positive and economically significant spillover effects in the EDI domain of communication skills and general knowledge. Furthermore, never-enrolled children have also experienced an…

Relying on data for Belgian graduates, we investigate the relationship between motives to participate in higher education (investment, educational consumption, student life consumption and social norms) and overeducation after graduation. We also examine whether these motives affect the relationship between overeducation and other outcomes like…

Existing empirical work looking at the effects of parental income on IQ, schooling, wealth, race, and personality is only able to explain about half of the observed intergenerational income elasticity. This paper provides a possible behavioral explanation for this elasticity in which heterogeneous agents in sequential generations choose their…

While school enrollment at the primary level has been rising in developing countries rapidly, international measures of education quality do not exhibit a parallel improvement. Since parents' expenditure is an important determinant of children's school performance, we investigate parents' investments on quality measured by their spending on books…

This paper uses a rich longitudinal dataset to measure the evolution of the gender differences in numeracy among school-age children in Indonesia. Girls outperformed boys by 0.08 standard deviations when the sample was around 11 years old. Seven years later, the gap has widened to 0.19 standard deviations, equivalent to around 18 months of…

In 1979, less than 30% of full-time university students in Canada worked for pay during the academic year. By the mid-2000s, this had risen to 45%. This trend to increasing work among full-time students is also evident in other countries, and may be a concern if it reduces students' investment in human capital during their studies. I find that,…

The returns to education have been increasing. It is suggested that high-skilled workers' social capital investment has been adversely affected by the increasing incentives to devote human capital to career development. Lower social capital is linked to reduced economic growth and innovation and higher transaction costs and is detrimental to…

Investigates arguments market analysts employ to persuade investors to purchase stocks in for-profit higher education companies; describes role of market analysts; evaluates relative importance of reasons analysts typically give to persuade investors; compares reasons with modern economic theories of firms and markets and finds them to be…

Develops a valuation model of educational output based on individual earnings from cross-sectional data; describes the problems associated with defining certain elements of the model and proposes adjustments related thereto; uses model to estimate the value of university education in Spain. (Contains 68 references.) (PKP)

This paper employs cointegration and error-correction modelling to test the causal relationship between real income, real investment and tertiary education using data for the People's Republic of China over the period 1952-1999. To proxy tertiary education we use higher education enrolments and higher education graduates in alternative empirical…