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schooling expenditures. In a given political environment, high income inequality leads to more private education, as rich people … public spending can be concentrated on fewer students. Comparing across political systems, we find that concentration of …
Persistent link: https://www.econbiz.de/10010272336
We evaluate the effect of technology, demographics and policy on the differential evolution of the skill premium and on the rise in education investment in France and the USA. We use a computable general equilibrium model with overlapping generations of individuals, and endogenous education...
Persistent link: https://www.econbiz.de/10010261573