This Paper studies the design of education policies in a setting of successive generations with heterogeneous … individuals (high and low earning ability). Parents’ investment in education is motivated by warm-glow altruism and determines the … probability that a child has high ability. Education policies consist of a subsidy on private educational investments and possibly …

strengthens the forces of comparative advantage. Finally, we examine an aspect of education policy concerning the spread of human …

This Paper examines the education literature through the lens of sorting. It argues that how individuals sort across …. It discusses the implications of different education finance systems for sorting and analyses the efficiency and welfare …

in which agents decide whether to become skilled or unskilled, form households, consume and have children. We show that … the equilibrium sorting of spouses by skill type (their correlation in education) is increasing as a function of the skill … premium and of the degree of correlation of spouses’ education (marital sorting). For all our measures, we find a positive and …

achievements are wasted as children fail to build upon their parents’ achievements. Policies affecting the education system and the … growth potential. In the model, at a good equilibrium a large number of children of well-educated parents take advantage of …

This paper surveys the empirical literature on the growth effects of education and social capital. The main focus is on … clarify where empirical work on education using macro data may be relatively useful. It is argued that on balance, the recent … cross-country evidence points to productivity benefits of education that are at least as large as those identified by labour …

Household Panel Study. Mother’s education is found to be a very powerful predictor of their children’s educational attainments …The analysis uses a unique set of data matching mothers and their young adult children to study the impact of family … men moderately, but the effects on young women’s education are small. Part, if not all, of this negative effect of living …

We examine the relationship between education and mortality in a young population of Italian males. In 1981 several …