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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
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
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
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
'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
This paper examines the impact of vouchers in general, and voucher design in particular, on public school performance. It argues that all voucher programs are not created equal. There are often fundamental differences in voucher designs that affect public school incentives differently and induce...
Persistent link: https://www.econbiz.de/10005130175
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
The goal of this paper is to determine the effects of different social security regimes on job search. A less generous pension system induces higher savings across the life cycle and makes agents wealthier and thus more reluctant to accept low wage offers. On the other hand, as the social...
Persistent link: https://www.econbiz.de/10005328864
We study a model with a durable good subject to abrupt, periodic obsolescence, and characterize the optimal purchasing policy. Consumers optimally synchronize new purchases with the arrival of new durable models. Hence, some agents use a "flexible" optimal replacement rule that switches between...
Persistent link: https://www.econbiz.de/10005328887