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Persistent link: https://www.econbiz.de/10012115870
The welfare state is not merely a stand-in for missing markets; it can do a whole lot more. When generations overlap and the young must borrow to make educational investments, a dynamically-efficient welfare state, by taxing the middle-aged and offering a compensatory old-age pension, can...
Persistent link: https://www.econbiz.de/10013077021
We describe a “business as usual” (BAU) economy in which pollution is a by-product of productive activity by the current generation but “damages” production for future generations. Over time, conditions in the BAU economy become dire: it gets increasingly polluted, consumption falls and...
Persistent link: https://www.econbiz.de/10012981351
Policy debates about the balance of vocational and general education programs focus on the school-to-work transition. But with rapid technological change, gains in youth employment from vocational education may be offset by less adaptability and thus diminished employment later in life. To test...
Persistent link: https://www.econbiz.de/10013119232
between the countries increase with the income prospects in ROW and the number of international students. Higher stay rates of …This paper presents a model of two countries competing for a pool of students from the rest of the world (ROW). In … foreign students lead to more ambiguous results. In particular, an increase in educational quality can be accompanied by a …
Persistent link: https://www.econbiz.de/10013316019
In this note, we present a novel channel for a brain gain. Students from a developing country study in a developed host … country. A higher permanent migration probability of these students appears to be a brain drain for the developing country in … benefits accrue in this host country. A higher education quality raises in turn the human capital of the returning students. As …
Persistent link: https://www.econbiz.de/10013316173
We present direct evidence on the link between children's patience and educational-track choices years later. Combining … an incentivized patience measure of 493 primary-school children with their high-school track choices taken at least three …
Persistent link: https://www.econbiz.de/10012659963