illustrate its feasibility with an example from the education sector in Zambia. …

education. This paper documents an unintendednegative effect of such programs. Using data from a randomized experiment …

We apply theories of capital market failure to ana1yzeoptima1 financing of risky higher education. In the market … solution,students can only finance their education through debt. There isunderinvestment in human capita1, because some … equityfinancing of education coupled to provision of some income insuranceis the optimal way to finance education when private markets …

We argue that promoting education may be a means to reduceincome inequality. When workers of different skill levels … areimperfect substitutes in production, an increase in the level ofhuman capital in the economy reduces the return to education … atrade-off between the distortions of taxes on effort and the distortionsof education subsidies on the investment in human …

College education is not only an investment; for many people it also generates consumption benefits. If these benefits … students, even when the colleges lack market power. Moreover, when the social return to education exceeds the private return …

place via public investment in education financed by tax, and parental education; (3) due to variation in individual human …. Besides exploring cross-country variation in public education, how its low level can lead to a poverty trap and how its high …

withrespect to parental human capital and wealth; (2) intergenerational transfers takeplace via parental education and, public … investments in education financed by taxes(possibly, with a level determined by majority voting); (3) due to investment inhuman … the production of human capi-tal, some attributed to 'home-education' and others related to 'public-education',and their …