be negatively correlated with enrolment at university and community college. Estimates from a year-to-year education … parental job loss on education transitions. It is argued that these results can be interpreted as evidence of a potential … causal effect of parental income on youth education attainment, as job losses are likely to have persistent and exogenous …

University funding policies should be in principle determined by the aims of university education. The practical … society, and the aims vary over time. There is a general supposition that education contributes to economic growth, what is … less clear is what types of education matter most. …

Overeducation is a form of labour underutilisation which occurs when the formal education level of a worker exceeds …

A model of education where the distribution of innate abilities is the source of heterogeneity is investigated. Public … and private education models are investigated and compared. Human capital follows a first order Markov process which is … shown to converge to a unique stationary distribution in both education systems. Income distributions are characterised …

We find that post-school education earnings premia have remained strikingly stable over the 1981 to 2003-04 period in …-occupation credential changes on estimates of education earnings premia in Australia over time. Our focus is on credential changes within …

This paper investigates the effects on income and its distribution of heterogenous preferences for education … expenditures. Models of private and public education are studied and compared. Public education expenditures are determined through … in private education, while public education overcomes this heterogeneity to provide convergence of incomes. …