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This paper questions the widely accepted view that deficits have real effects in the life cycle model. Standard analyses of deficits within life cycle models treat the government as a dictatorial entity that can effect any intergenerational redistribution it desires. In contrast, this paper...
Persistent link: https://www.econbiz.de/10012477016
I analyze the effects of a program that pays both 11th and 12th grade students and teachers for passing scores on … Advanced Placement exams on college outcomes. Using a difference-in-differences strategy, I find that affected students of all … freshman year. Moreover, the program improves college outcomes even for those students who would have enrolled in college …
Persistent link: https://www.econbiz.de/10012462929
-run peer quality improvements within schools, on the same population. While students at schools with higher-achieving peers …
Persistent link: https://www.econbiz.de/10012462054
are strained, public schools can employ cost-saving measures with no ill-effect on students. We theorize that if budget …
Persistent link: https://www.econbiz.de/10012453510
teachers affect a variety of student outcomes through their effects on both students' cognitive and noncognitive skill. Results …
Persistent link: https://www.econbiz.de/10012456449
access to the lessons increased students' math achievement by 0.06 of a standard deviation, but providing teachers with … online access to the lessons along with supports to promote their use increased students' math achievement by 0.09 of a …
Persistent link: https://www.econbiz.de/10012456281
Persistent link: https://www.econbiz.de/10000673067
Is deficit finance, explicit or implicit, free when borrowing rates are routinely lower than growth rates? Specifically, can the government make all generations better off by perpetually taking from the young and giving to the old? We study this question in simple closed and open economies and...
Persistent link: https://www.econbiz.de/10012585435
. All computations are made for the 1985 Social Security and income tax laws. The general results are that Social Security … internal rate of return on contributions ranges from negative numbers to 6.6% for households of different ages, income levels …, and marital status. These differences are far greater than the widely debated distributional affects of relevant income …
Persistent link: https://www.econbiz.de/10012477184
This paper uses historicaI U.S. data to directly estimate the contribution of intergenerational transfers to aggregate capital accumulation. The evidence presented indicates that intergenerational transfers account for the vast majority of aggregate U .S. capital formation; only a negligible...
Persistent link: https://www.econbiz.de/10012478700