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Optimal Student Loans and Graduate Tax under Moral Hazard and Adverse Selection

Gary-Bobo, Robert J.; Trannoy, Alain - C.E.P.R. Discussion Papers - 2013

We completely characterize the set of second-best optimal "menus" of student-loan contracts in a simple economy with risky labour-market outcomes, adverse selection, moral hazard and risk aversion. The model combines structured student loans and an elementary optimal income-tax problem à la...

Persistent link: https://www.econbiz.de/10011084475

Risk Aversion and Human Capital Investment: A Structural Econometric Model

Brodaty, Thomas; Gary-Bobo, Robert J.; Prieto, Ana - C.E.P.R. Discussion Papers - 2006

We propose to model individual educational investments as a rational decision, maximizing expected utility, conditional on some characteristics observed by the student, under the combined risks affecting future wages and schooling duration. Assuming that students' attitudes toward risk can be...

Persistent link: https://www.econbiz.de/10005123629

Birth Order and Sibship Sex Composition as Instruments in the Study of Education and Earnings

Gary-Bobo, Robert J.; Picard, Natalie; Prieto, Ana - C.E.P.R. Discussion Papers - 2006

This paper presents an empirical study of birth-order and sibship sex-composition effects on educational achievement, and uses these variables as instruments to estimate returns to education, with the help of a rich set of individual data. Our sample includes more than 12,000 men and 10,000...

Persistent link: https://www.econbiz.de/10005124292

Efficient Tuition & Fees, Examinations and Subsidies

Gary-Bobo, Robert J.; Trannoy, Alain - C.E.P.R. Discussion Papers - 2005

when they maximize rents. If capital markets are perfect, and if test results are public knowledge, then, there is no …

Persistent link: https://www.econbiz.de/10005136530

Top Research Productivity and its Persistence

Kelchtermans, Stijn; Veugelers, Reinhilde - C.E.P.R. Discussion Papers - 2005

The paper contributes to the debate on cumulative advantage effects in academic research by examining top performance in research and its persistence over time, using a panel dataset comprising the publications of biomedical and exact scientists at the KU Leuven in the period 1992-2001. We study...

Persistent link: https://www.econbiz.de/10005136709

Green innovations and organisational change: making better use of environmental technology

Hottenrott, Hanna; Rexhäuser, Sascha; Veugelers, Reinhilde - C.E.P.R. Discussion Papers - 2012

The literature on within-firm organizational change and productivity suggests that firms can make more efficient use of certain technologies if complementary forms of organization are adopted. This issue may be of even greater importance for the case of greenhouse gas (GHG) abatement...

Persistent link: https://www.econbiz.de/10011084545

Complementarity in the Innovation Strategy: Internal R&D, External Technology Acquisition and Cooperation

Cassiman, Bruno; Veugelers, Reinhilde - C.E.P.R. Discussion Papers - 2002

Successful innovation depends on the development and integration of new knowledge in the innovation process. In order … to innovate successfully, the firm will combine different innovation activities. In addition to doing own research and … development, firms typically are engaged in the acquisition of knowledge on the technology market and cooperate actively in R …

Persistent link: https://www.econbiz.de/10005667033