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In this paper, we show that when the government is able to transfer wealth between generations, regressive policies are no longer optimal. The optimal educational policy can be decentralized through appropriate Pigouvian taxes and credit provision, is not regressive, and provides equality of...
Persistent link: https://www.econbiz.de/10005063731
This paper studies the costs and benefits of a mixed educational regime in which tax-financed public schools and tuition-financed private schools coexist. In the model, households are not allowed to borrow for education, but have a choice to educate their children in a public or a private...
Persistent link: https://www.econbiz.de/10005702771
simulations based on a theoretical model of assignment of heterogeneous students and universities with respect to tuition and …
Persistent link: https://www.econbiz.de/10005130239
distribution of achievement. Using data from a standardized achievement test including 226,860 4tth degree students and 4 … investigate up to what extent different categories of schools enjoy advantages in educating low-income students. These are …
Persistent link: https://www.econbiz.de/10005328850
significantly larger for students attending subsidized private schools, and insignificant or even negative for students attending …
Persistent link: https://www.econbiz.de/10005328880
of the two programs. It is an equilibrium theory of public school and household behavior where public school maximizes …
Persistent link: https://www.econbiz.de/10005130175
'causal' estimate of the effect of schooling on the literacy and numeracy performance of school students in their middle years … of secondary school (in Year 9 for most students). The Early Years of School policy changed the way that an identifiable … subset of students progressed through junior primary school, causing them to obtain an additional year of schooling for any …
Persistent link: https://www.econbiz.de/10005342151
The empirical literature developed to evaluate the voucher system in Chile faced, up until late 1999, methodological and/or data limitations. Since then, the literature has used individual data and introduced a correction for selection bias. However, the treatment parameters do not take into...
Persistent link: https://www.econbiz.de/10005170249
Consumption is partly a social activity, yet most studies of consumer behavior treat households in isolation. We investigate familial relationships in consumption patterns using a sample of parents and their children from the Panel Study of Income Dynamics. We find a positive and statistically...
Persistent link: https://www.econbiz.de/10005063539
This paper investigates the microfoundation of consumer decisions in Argentina. Structural parameters are estimated following the Euler Equation-GMM approach. Attention is focussed on parameter instability, an empirical difficulty for applying this method often pointed out in the literature. The...
Persistent link: https://www.econbiz.de/10005063568