In this paper, we estimate the effect of receiving a financial aid for a cohort of students who enrolled at Politecnico di Milano (Italy) in the year 2007/08, through a Propensity Score Matching approach. Using administrative data about these students for four years, we were able to evaluate the...

Using a simple model of incomplete contracts to characterize the relationship between decentralization and contracting with the private sector, I show that, provided that the expected reduction in quality is low, more decentralized local governments will contract more with the private sector....

This paper analyses the choice between risk-sharing and risk-pooling income-contingent loans for higher education of risk-averse individuals who differ in their ability to benefit from education and inherited wealth. The paper identifies the possible outcomes of a majority vote between the two...

This paper uses cross-national data to examine the effects of different dimensions of decentralization on the efficiency of educational policies in OECD countries. The results show that the autonomy of subnational governments, both on the expenditure and revenue sides of their activities, is...

Este artículo tiene como objetivo principal conocer el efecto del tipo de centro educativo y, en concreto, su titularidad (pública o privada) sobre los resultados de los usuarios del sistema educativo español. El análisis empírico se basa en la aplicación de técnicas de regresión...

Several arguments derived from fiscal federalism theory suggest that decentralization may lead to improved levels of efficiency in the provision of public goods and services. The aim of this study is to examine this hypothesis by evaluating the effects of decentralization on educational outcomes...

Although not exclusive to the Republic of Korea’s educational system, the pervasiveness of private tutoring, and its consequences, serve to distinguish it from systems operated in other countries. However, the identification of inefficiencies linked to this phenomenon have seen the educational...

Grade retention practices are at the forefront of the educational debate. In this paper, we use PISA 2009 data for Spain to measure the effect of grade retention on students’achievement. One important problem when analyzing this question is that school outcomes and the propensity to repeat a...

Human capital and, therefore, education have an impact on the society’s future welfare. In this paper we study the connection between the voters’ support to public education and the retirement concerns. We show that voters anticipate the positive effect of education on future pensions. The...

We study voting over higher education finance in an economy with risk averse households who are heterogeneous in income. We compare four different systems and analyse voters' choices among them: a traditional subsidy scheme, a pure loan scheme, income contingent loans and graduate taxes. Using...