endogenous retirement. Labor taxation distorts not only labor supply, but also education and retirement decisions. Actuarially … unfair pensions further exacerbate labor tax distortions on retirement. Education subsidies can nevertheless cushion the … adverse impact of taxation on skill formation. Feedbacks between education, labor supply, and retirement are important. The …

across identification strategies in their ability to make out-of-sample predictions. We conclude that discrepancies in past …

: What are Gatsby curves? When do they exist? We build a theoretical environment in which parental investment and education …

little variation in family-background effects across the ability distribution in most countries. …

schooling investment into the next generation, is observable but the draw of nature in terms of ability is hidden, stochastic … calibrated steady state to this social optimum, we find that insurance against intergenerational ability risk increases on the …

expanding upper secondary education. At the regional level, there exists substantial variation in mobility estimates. Place …