Foundations and Trends® in Microeconomics

Volume 9, issue 3–4

Schooling as a Risky Investment: A Survey of Theory and Evidence

The survey primarily seeks to expose the literature, presumably in a well-organized framework. There is no attempt to present any new analyses; only the chapter that lays out the potential scope for the presence of risk in schooling decisions contains some data specifically collected and organized f...
Volume 9, issue 1–2

Youth Unemployment and Vocational Training

This paper focuses on the determinants of the labor market situation of young people in developed countries and the developing world, with a particular emphasis on the role of vocational training and education policies. We highlight the role of demographic factors, economic growth and labor market i...