Thijs Bol investigates how the institutional context influences the importance of three mechanisms that explain the educational payoff in the labor market: productivity enhancing skills, positional good, and social closure.
He bridges between studies on the effects of institutional context on the strenght of the education effect and studies on the mechanisms by which education pays off.
He proposes a new framework to study the influence of the institutional context on the importance of the mechanisms by which education payss off in the labor market.
Thijs Bol, Why does education pay off? Relations between institutional context and the mechanisms by which education pays off in the labor market.
The supervisor is Prof. Herman van de Werfhorst, co-supervisor is Dr. Daniela Grunow.