association between average formal education and the share of married women. This finding is in line with recent theoretical and …

This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is … positive or a negative education premium. In the same model a positive intertemporal wedge is optimal. A set of generalizations …, including non-observability of education, non-observability of consumption, and temporal resolution of uncertainty, are then …

The interaction between investment in children's education and parental fertility is crucial in recent theories of the … significant negative causal effect of education on fertility, which is robust to accounting for spatial autocorrelation. The … causal effect of education is identified through exogenous variation in enrollment rates due to differences in landownership …

heterogeneity. We argue that serfdom hampered peasants' demand for education whereas the successive emancipation triggered a demand …

analyze the provision of public primary education in nineteenth-century Prussia which was characterized by a linguistically … polarized society and a decentralized education system. Using unique county-level data on education spending we show that … border suggest that the relationship can be causally interpreted. Exploiting a reform of education spending, we show that …

Justification for policies to encourage investments in education, particularly for individuals at the lower end of the … potentially loss averse around their expected outcome make risky investments in education and we draw on optimal tax theory to … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …