This paper studies a two-region model in which unemployment, education decisions and interregional migration are … change reduces wages of the unskilled. Both education and migration decisions are distorted by a uniform unemployment …

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 …

This paper studies second best policies for education, saving, and labour in an OLG model in which endogenous growth … equilibria are inefficient. The inefficiency is exacerbated if selfish individuals externalize the positive effect of education … on descendents' productivity. It is shown to be second best to subsidize education even relative to the first best if the …

work a child does, are private information, the second-best policy uses a combination of need and merit based education …

economic institutions and quantitative measures of tertiary education cannot. Under the growth model estimates and plausible … evidence on which education policy reforms may be able to bring about the simulated improvements in educational outcomes. …

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 …

It has been argued that increased life expectancy raises the rate of return on education, causing a rise in the … investment in education followed by an increase in lifetime labor supply. Empirical evidence of these relations is rather weak … dependence of hazard rates, which determine individuals' behavioral response w.r.t. education, work and age of retirement …

We investigate the effect of education Conditional Cash Transfer programs (CCTs) on teenage pregnancy. Our main concern … education CCT that conditions renewal on school performance reduces teenage pregnancy; the program can increase teenage … teenage pregnancy of two education CCTs implemented in Bogotá (Subsidio Educativo, SE, and Familias en Acción, FA); both …

development. It affects human capital through both religious and secular education. It affects population and labor by influencing …