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This paper compares partial and general equilibrium effects of alternative financial aid policies intended to promote … education, labor supply, and consumption/saving decisions. Altruistic parents make inter vivos transfers to their children … of funding for college education. We find that the current financial aid system in the U.S. improves welfare, and …
Persistent link: https://www.econbiz.de/10010607944
stages. We use this calibrated model to study the effects of education subsidies, loans and transfers offered at different …
Persistent link: https://www.econbiz.de/10010584458
There are two obvious possibilities that can account for the rise in productivity during recent recessions. The first is that the decline in the workforce was not random, and that the average worker was of higher quality during the recession than in the preceding period. The second is that each...
Persistent link: https://www.econbiz.de/10010969215
source of productivity growth. The purpose of the paper is to estimate the structure of an equilibrium model of growth …
Persistent link: https://www.econbiz.de/10005061559
Job losses during the Great Recession were concentrated among middle-skill workers, the same group that over the long run has suffered the most from automation and international trade. How might long-run occupational polarization be related to cyclical changes in middle-skill employment? We find...
Persistent link: https://www.econbiz.de/10011207907
Student employment subsidies are one of the largest types of federal employment subsidies, and one of the oldest forms of student aid. Yet it is unclear whether they help or harm students' long term outcomes. We present a framework that decomposes overall effects into a weighted average of...
Persistent link: https://www.econbiz.de/10010951010
training with the public higher education system. …
Persistent link: https://www.econbiz.de/10010951022
define "middle class" as families in which both parents are not highly-educated (above 12 years of education) and that are …
Persistent link: https://www.econbiz.de/10010951111
We review studies of the impact of credit constraints on the accumulation of human capital. Evidence suggests that credit constraints are increasingly important for schooling and other aspects of households' behavior. We highlight the importance of early childhood investments, since their...
Persistent link: https://www.econbiz.de/10009294899
Recent cohorts of college enrollees are more likely to work, and work substantially more, than those of the past. October CPS data reveal that average labor supply among 18 to 22-year-old full-time undergraduates nearly doubled between 1970 and 2000, rising from 6 hours to 11 hours per week. In...
Persistent link: https://www.econbiz.de/10009397143