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The Effects of Graduating from High School in a Recession : College Investments, Skill Formation, and Labor-Market Outcomes
Hampf, Franziska - 2020
We investigate the short- and long-term effects of economic conditions at high-school graduation as a source of exogenous variation in the labor-market opportunities of potential college entrants. Exploiting business cycle fluctuations across birth cohorts for 28 developed countries, we find...
Persistent link: https://www.econbiz.de/10012834990
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Redistribution of Return Inequality
Schulz, Karl - 2021
conventional wisdom, rather than calling for more redistribution, the presence of this scale dependence provides a rationale for …. At an aggregate level, a rise in redistribution induces a compression effect on the distribution of pre-tax returns. In … the financial market, I identify general equilibrium trickle-up externalities that provide a force for more redistribution …
Persistent link: https://www.econbiz.de/10013233147
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Male Investment in Schooling with Frictional Labour and Marriage Markets
Bonilla, Roberto - 2020
We present an equilibrium model with inter-linked frictional labour and marriage markets. Women's flow value of being single is treated as given, and it captures returns from employment. Single unemployed men conduct a so-called constrained sequential job search, and can choose to improve their...
Persistent link: https://www.econbiz.de/10012847076
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Quantifying the Macroeconomic Impact of COVID-19-Related School Closures Through the Human Capital Channel
la Maisonneuve, Christine de; Égert, Balázs; Turner, David - 2023
This paper uses a new measure of human capital, which distinguishes both quality and quantity components, to estimate the long-term effect of the Covid-19-related school closures on aggregate productivity through the human capital channel. Productivity losses build up over time and are estimated...
Persistent link: https://www.econbiz.de/10014356978
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The Dynamics of Return Migration, Human Capital Accumulation, and Wage Assimilation
Adda, Jérôme; Dustmann, Christian; Goerlach, Joseph-Simon - 2021
This paper develops and estimates a dynamic model where individuals differ in ability and location preference to evaluate the mechanisms that affect the evolution of immigrants’ careers in conjunction with their re-migration plans. Our analysis highlights a novel form of selective return...
Persistent link: https://www.econbiz.de/10013229696
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Unilateral Tax Policy in the Open Economy
Kohl, Miriam; Richter, Philipp M. - 2021
This paper examines the effects of a unilateral reform of the redistribution policy in an economy open to international …-reforming trading partner, the unilateral redistribution policy reform resembles a unilateral increase in trade costs leading to a …
Persistent link: https://www.econbiz.de/10013212255
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Optimal Redistributive Tax and Education Policies in General Equilibrium
Jacobs, Bas - 2021
contributes to redistribution. Simulations show that the top rate and marginal education subsidies are close to zero for a wide …
Persistent link: https://www.econbiz.de/10013316658
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Public Education Expenditure, Growth and Welfare
Angelopoulos, Konstantinos; Malley, Jim; … - 2021
In this paper we study the quantitative macroeconomic effects of public education spending in USA for the post-war period. Using comparable measures of human and physical capital, from Jorgenson and Fraumeni (1989, 1992a,b), we calibrate a standard dynamic general equilibrium model where human...
Persistent link: https://www.econbiz.de/10013316996
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Insuring educational risk: opportunities versus income
Schindler, Dirk; Weigert, Benjamin - 2008
, because combining skill-specific tuition fees and public education spending provide both insurance and redistribution at lower …
Persistent link: https://www.econbiz.de/10010264398
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Private investment in higher education: comparing alternative funding schemes
Eckwert, Bernhard; Zilcha, Itzhak - 2008
This paper uses an overlapping generations framework to analyze the implications of different financing regimes in the education sector for human capital formation and economic welfare. Agents privately invest in education after they have received a noisy information signal about their...
Persistent link: https://www.econbiz.de/10010264435