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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
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The French Zones D'Education Prioritaire: Much Ado About Nothing?
Bénabou, Roland; Kramarz, Francis; Prost, Corinne - C.E.P.R. Discussion Papers - 2005
teaching hours) and key establishments characteristics such as class sizes, school enrolments, teachers’ qualifications and …
Persistent link: https://www.econbiz.de/10005124181
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Sorting, Education and Inequality
Fernández, Raquel - C.E.P.R. Discussion Papers - 2001
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...
Persistent link: https://www.econbiz.de/10005123607
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Human Capital and Optimal Redistribution
Koeniger, Winfried; Prat, Julien - C.E.P.R. Discussion Papers - 2014
We characterize optimal redistribution in a dynastic family model with human capital. We show how a government can improve the trade-off between equality and incentives by changing the amount of observable human capital. We provide an intuitive decomposition for the wedge between human-capital...
Persistent link: https://www.econbiz.de/10011093683
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Parental Support for Human Capital Investment by Young Adults
Ermisch, John F - C.E.P.R. Discussion Papers - 1996
The paper develops two models in which parents support their adult child’s human capital investment through financial transfers and/or coresidence. In one, parents are altruistic, and in the other they make loans to children for purely selfish reasons. Econometric estimates using the first...
Persistent link: https://www.econbiz.de/10005666489
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Education, Income Distribution, and Growth: The Local Connection
Bénabou, Roland - C.E.P.R. Discussion Papers - 1994
the Pareto sense, especially in the long run. Fourth, when state-wide equalization of school expenditures is insufficient …
Persistent link: https://www.econbiz.de/10005661649
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Learning to Take Risks? The Effect of Education on Risk-Taking in Financial Markets
Black, Sandra; Devereux, Paul J.; Lundborg, Petter; … - C.E.P.R. Discussion Papers - 2015
We investigate whether acquiring more education when young has long-term effects on risk-taking behavior in financial markets and whether the effects spill over to spouses and children. There is substantial evidence that more educated people are more likely to invest in the stock market....
Persistent link: https://www.econbiz.de/10011249373
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Decentralizing Education Resources: School Grants in Senegal
Carneiro, Pedro; Koussihouèdé, Oswald; Lahire, Nathalie; … - C.E.P.R. Discussion Papers - 2015
The impact of school resources on the quality of education in developing countries may depend crucially on whether … resources are targeted efficiently. In this paper we use a randomized experiment to analyze the impact of a school grants … focused funds on human resources improvements rather than school materials, suggesting that teachers and principals may be a …
Persistent link: https://www.econbiz.de/10011249370
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Impact of Paternal Temporary Absence on Children Left Behind
Booth, Alison L; Tamura, Yuji - C.E.P.R. Discussion Papers - 2009
affects children left behind in terms of their school attendance, household expenditures on education, and nonhousework labor … is not affected. We find no evidence that paternal temporary absence influences his children in terms of school …
Persistent link: https://www.econbiz.de/10005014568
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Social Insurance, Education, and Work Ethics
Gradstein, Mark - C.E.P.R. Discussion Papers - 2010
This research shows that moral hazard associated with extant social insurance arrangements causes underinvestment in human capital, because of government’s inability to commit to welfare policies. It then argues that education policies, such as education subsidies or direct public investment...
Persistent link: https://www.econbiz.de/10008468672