work a child does, are private information, the second-best policy uses a combination of need and merit based education …

We investigate the effect of education Conditional Cash Transfer programs (CCTs) on teenage pregnancy. Our main concern … education CCT that conditions renewal on school performance reduces teenage pregnancy; the program can increase teenage … teenage pregnancy of two education CCTs implemented in Bogotá (Subsidio Educativo, SE, and Familias en Acción, FA); both …

Education yields substantial non-monetary benefits, but the size of these gains is still debated. Previous studies, for … example, report contradictory effects of education and compulsory schooling on mortality - ranging from zero to large … compulsory education both in the shorter and longer run. In contrast, compulsory schooling reforms have little or no effect on …

In contexts such as education and sports, skill-accumulation of individuals over time crucially depends on the amount …

This paper studies second best policies for education, saving, and labour in an OLG model in which endogenous growth … equilibria are inefficient. The inefficiency is exacerbated if selfish individuals externalize the positive effect of education … on descendents’ productivity. It is shown to be second best to subsidize education even relative to the first best if the …

overinvest in education, whereas worker mobility generates a free-rider effect for governments, who are not willing to subsidize … the education of agents who will work abroad. At equilibrium, the free-rider effect always dominates the competition …