Showing 1 - 10 of 12
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 …
Persistent link: https://www.econbiz.de/10005666893
This paper investigates whether individual decisions lead to equality of opportunity in education, defined in the …
Persistent link: https://www.econbiz.de/10005067375
The gender wage gap varies widely across countries and across skill groups within countries. Interestingly, there is a positive cross-country correlation between the unskilled-to-skilled gender wage gap and the corresponding gap in hours worked. Based on a canonical supply and demand framework,...
Persistent link: https://www.econbiz.de/10009283390
This paper proposes an explanation for the universal human desire for increasing consumption. It holds that it was moulded in evolutionary times by a mechanism known to biologists as sexual selection, whereby a certain trait - observable consumption - is used by members of one sex to signal...
Persistent link: https://www.econbiz.de/10005123507
This Paper studies the optimal education policy in the presence of different groups of households, with groups … differing in the distribution of the ability to benefit from education. The main result is that the high ability individuals … from groups with relatively few high ability individuals should receive more education than equally able individuals from …
Persistent link: https://www.econbiz.de/10005666462
This paper compares the organisation of the university sector under private provision with the structure which would be chosen by a welfare maximising government. It studies a general equilibrium model where universities carry out research and teach students. To attend university, and earn...
Persistent link: https://www.econbiz.de/10005789032
This paper uses the sequencing of privatisation to infer the objective pursued by the Polish government in the privatisation of its large manufacturing firms in the second half of the 1990's. We construct a model of mixed oligopoly, and use it to evaluate the privatisation process; our analysis...
Persistent link: https://www.econbiz.de/10005661699
Gender wage and employment gaps are negatively correlated across countries. We argue that non-random selection of women into work explains an important part of such correlation and thus of the observed variation in wage gaps. The idea is that, if women who are employed tend to have relatively...
Persistent link: https://www.econbiz.de/10005123624
partly a result of a rise in occupational segregation and partly the general rise in wage inequality. Policies to reduce the …
Persistent link: https://www.econbiz.de/10005124177
Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may miss important scale effects at the micro level, because of the reactions of job searchers. A semi-structural model is developed and estimated on a British sample, testing for...
Persistent link: https://www.econbiz.de/10005504450