of worker. Our analysis reveals that the effects of a liberalization on human capital accumulation, income and inequality … 20 percent in the short-run, and by more than 55 percent after 50 years. The world average index of inequality decreases … identifying assumptions. We also analyze partial liberalization shocks: effi ciency and inequality e¤ects are roughly proportional …

observe a wide variation in the mix of public and private funding of education. In addition, countries with high inequality … with high inequality exhibit more private education expenditures since rich people opt out of the public system. In non …