and because the children have different access to education. Public policy is thus called for, for vertical as well as … cannot remedy this. Quantity controls become necessary: a compulsory education package, financed by a redistributive tax … system, achieves both types of equity. Redistributive taxation and compulsory education are therefore best seen as …

This study investigates whether young unemployed graduates who accept a job below their level of education accelerate … or delay the transition into a job that matches their level of education. We adopt the Timing of Events approach to … started searching for a job right after leaving formal education. We find that overeducation is a trap. This trap is …

Higher education is not just a signal of innate ability. At least a certain level of educational achievement (degree … education and enter the tournament. The poor are confined to the non-graduate labour market. This is doubly inefficient because … some of the rich buy too much education, and some of the graduates have lower ability than some of the non …