This Paper examines the education literature through the lens of sorting. It argues that how individuals sort across … neighborhoods, schools and households (spouses), can have important consequences for the acquisition of human capital and inequality …. It discusses the implications of different education finance systems for sorting and analyses the efficiency and welfare …

The paper studies the optimal education policy of a budget-constrained utilitarian government. Households differ in … information. Households can choose to use private education, but cannot borrow to finance it. The results we obtain are striking …. The optimal education policy is elitist: it increases the spread between the education achievement of the bright and the …

to remedy. We also show that cognitive ability is not the only determinant of education, labor market outcomes and …

inequality in education and income more persistent across generations. Whether the same is true of inequality in total wealth …, which provides an integrated framework for analysing the local determinants of inequality and growth. Five main conclusions … emerge. First, minor differences in education technologies, preferences, or wealth, can lead to a high degree of …

training with the public higher education system. …

In the nearly fifty years since the adoption of the Higher Education Act of 1965, financial aid programs have grown in …

Three tax credits benefit households who pay tuition and fees for higher education. The credits have been justified as … an investment: generating more educated people and thus more earnings and externalities associated with education. The …