The paper studies the optimal education policy of a budget-constrained utilitarian government. Households differ in … information. Households can choose to use private education, but cannot borrow to finance it. The results we obtain are striking …. The optimal education policy is elitist: it increases the spread between the education achievement of the bright and the …

is affected by the human capital of her colleagues. This is the case for goods such as health, education, legal services …

This paper investigates whether individual decisions lead to equality of opportunity in education, defined in the …