chapter contrasts the governance of LSVCCs to limited partnerships. We also summarize Canadian evidence on the impact of LSVCC … governance and tax incentives: (1) on the distribution of venture capital funding between private and LSVCC funds; (2) on the …

In contexts such as education and sports, skill-accumulation of individuals over time crucially depends on the amount … of training they receive, which is often allocated on the basis of repeated selection. We analyze optimal selection … policies in a model of endogenous skill formation where, apart from their ability to transform training into skills …

This paper reviews empirical evidence, especially from Europe, on how education and training policies can be designed … education and schools over vocational and higher education to training and lifelong learning. The available evidence suggests … deliver best results. Designed this way, education and training systems can advance efficiency and equity at the same time. …

This paper discusses rising enrolment rates, access, governance, underperformance in research and teaching, lack of … internationalisation, private returns to education and the funding problems of European universities. Our proposals for reform are based on … governance, more competition and internationalisation. Apart from providing mutual policy learning opportunities, cross …

retard economic growth, even to the point of leading to an economic collapse. Premature adult mortality may exacerbate … induce, a collapse, depending on the initial conditions and the size and duration of the shock. Awareness campaigns may also … trigger a collapse by introducing undesirable expectational feedbacks. …

This article analyzes the consequences of integration in public education. I show that the flight from the integrated … multicultural public schools to private education increases private educational expenditures and, as a result, decreases fertility … among more affluent parents whose children flee. In contrast, among less prosperous parents, integration in public education …

This paper shows that the design of education policy involves a potential conflict between welfare and social mobility …. We consider a setting in which social mobility is maximized under the least elitist public education system, whereas … welfare maximization calls for the most elitist system. We show that when private education is available, the degree of …