Altruistic parents may transfer resources to their offspring by providing education, and by leaving bequests. We show … with only intended bequests, by enhancing incentives of parents to invest in their children’s education. This result holds …

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 competition on quality in regulated markets (e.g., health care, higher education, public …

This contribution investigates the role of education in domestic terrorism for 133 countries between 1984 and 2007. The … findings point at a nontrivial effect of education on terrorism. Lower education (primary education) tends to promote terrorism … education (university education) reduces terrorism in a cluster of countries where conditions are more favorable. This suggests …

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 …

This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is … positive or a negative education premium. In the same model a positive intertemporal wedge is optimal. Aset of generalizations …, including non-observability of education, non-observability of consumption, and temporal resolution of uncertainty, are then …