Do resources matter? This question remains controversial in the economics of education as many studies find no relationship between school resources and educational outcomes. Yet, improving educational performance, especially of ‘hard to reach’ children, is a key area for government policy....

We consider the impact of tax credits and income support programs on female education choice, employment,hours and human capital accumulation over the life-cycle. We analyze both the short run incentive effects and the longer run implications of such programs. By allowing for risk aversion and...