This paper studies the effects of progressive income taxes and education finance in a dynamic heterogeneous agent … theoretically and quantitatively, in a model which yields complete analytical solutions. Progressive education finance always leads …

systems of education finance or health insurance. The underlying mechanism operates as follows. With imperfect credit and … public education. Aggregate efficiency gains imply very different political economy consequences from those of standard … models: the extent of political support for such redistributive policies decreases with the degree of inequality, at least …

inequality in education and income more persistent across generations. Whether or not the same is true of inequality in total …, which provides an integrated framework for analyzing the local determinants of inequality and growth. Five main conclusions … emerge. First, minor differences in education technologies, preferences, or wealth can lead to a high degree of …

contemporary incarnation of this displacement--labor market polarization, meaning the simultaneous growth of high-education, high …-wage and low-education, low-wages jobs--a manifestation of Polanyi's paradox. I discuss both the explanatory power of the …

Goldin and Katz's <i>The Race between Education and Technology</i> is a monumental achievement that supplies a unified …

We reassess the effect of state and federal minimum wages on U.S. earnings inequality using two additional decades of … suffers from two sources of bias and propose an IV strategy to address both. We find that the minimum wage reduces inequality …