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Enrolment into Higher Education and Changes in Repayment Obligations of Student Aid – Microeconometric Evidence for Germany.

Baumgartner, Hans J.; Steiner, Viktor - EconWPA - 2004

We evaluate the effect of the federal students’ financial assistance scheme (BAfoeG) on enrolment rates into higher education by exploiting the exogenous variation introduced through a discrete shift in the repayment regulations. Supported students had to repay the full loan until 1990....

Persistent link: https://www.econbiz.de/10005134616

Education Policies to Revive a Stagnant Economy: The Case of Sub- Saharan Africa

Caucutt, Elizabeth M.; Kumar, Krishna B. - EconWPA - 2003

In this paper, we argue that the condition of education and the economy of the low performing sub-Saharan African countries can be characterized as a stagnant steady state -- a "trap". We present a simple heterogeneous-agent model in which high costs of education relative to income and the skill...

Persistent link: https://www.econbiz.de/10005407694

Motives for investment in human capital of children: evidence from Indonesian Family Life Survey Data

Raut, Lakshmi K.; Tran, Lien H. - EconWPA - 1998

Two alternative models of parental investments in children's human capital are considered and tested empirically using the Indonesian Family Life Survey (IFLS). The pure loan model and the reciprocity with two-sided altruism model yield different predictions about the effect of children's...

Persistent link: https://www.econbiz.de/10005408378

Product Differentiation and Public Education

Hoyt, William H.; Jensen, Richard A. - EconWPA - 1997

Beginning with Tiebout (1956), numerous studies have argued that we should expect to see differences in public services among localities as a result of people "voting with their feet". Here, we consider differentiation in public services as a way of reducing competition among localities...

Persistent link: https://www.econbiz.de/10005412473

Responses of Private and Public Schools to Voucher Funding:The Czech and Hungarian Experience

Filer, Randall K.; Münich, Daniel - EconWPA - 2001

A state monopoly in schooling followed the collapse of communism in Central Europe. The centrally planned system was abandoned. Systems comparable with educational voucher scheme, also known as school choice system, were introduced in the Czech Republic and Hungary in the early 1990s. The newly...

Persistent link: https://www.econbiz.de/10005413012

The e ect of financial rewards on students achievement: Evidence from a randomized experiment

Leuven, Edwin; Oosterbeek, Hessel; Klaauw, Bas van der - EconWPA - 2004

assigned to a high, low and zero (control) reward group. The passing rate and the numbers of collected credit point are not … ability students and students from higher social backgrounds have higher passing rates and collect more credit points when …

Persistent link: https://www.econbiz.de/10005413020

Natural Resource Abundance and Human Capital Accumulation

Stijns, Jean-Philippe C. - EconWPA - 2001

This study examines indicators of human capital accumulation together with data for natural resource abundance and rents in a panel of 102 countries running from 1970 to 1999. Mineral wealth makes a positive and marked difference on human capital accumulation. Matching on observables reveals...

Persistent link: https://www.econbiz.de/10005556069

State Higher Education Spending and the Tax Revolt

Archibald, Robert B; Feldman, David H - EconWPA - 2004

Public effort in support of higher education – measured as state funding per thousand dollars of personal income – has declined by thirty percent since the late 1970s. During this time period many states implemented Tax and Expenditure Limits and/or supermajority requirements for tax...

Persistent link: https://www.econbiz.de/10005561529

The Equity Premium: Explained by GDP Growth and Consistent with Portfolio Insurance

Faugere, Christophe; Erlach, Julian Van - EconWPA - 2003

corporate debt is related to overall GDP growth. After calibrating key macro economic/finance parameters, we obtain values for … expected equity and corporate debt returns that respectively match the S&P 500 and 3- month T-bill historical arithmetic …. These results have implications regarding how risk-free debt is priced and about the economy’s capital structure. …

Persistent link: https://www.econbiz.de/10005413067

Money in Market Clearing

Gani, Mohammad - EconWPA - 2004

unemployment, undue instability, and excess debt. …

Persistent link: https://www.econbiz.de/10005076719