Showing 1 - 10 of 12
of education, inequality, and (natural) resources. We highlight two contrasting effects of education and human capital … accumulation. On the one side, education prompts economic growth and enriches the budget of the autocratic elite. On the other side …, education increases the “awareness” of citizens - capturing their reluctance to accept a dictatorship and their labor …
Persistent link: https://www.econbiz.de/10012963389
incentives to educate. A key feature of our model is that education acts simultaneously as a signaling device and as a method for …
Persistent link: https://www.econbiz.de/10013075958
The perpetual inventory method used for the construction of education data per country leads to systematic measurement … education level between census data and observations constructed from enrolment data. We discuss a methodology for correcting …
Persistent link: https://www.econbiz.de/10012774497
In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled … enhancing the quality of education. The necessary expenditures are optimally financed by regressive tuition fees and the net …
Persistent link: https://www.econbiz.de/10013316416
We suggest a probabilistic voting model where voters' preferences for alternative public goods display habit formation. Current policies determine habit levels and in turn the future preferences of the voters. This allows the incumbent to act strategically in order to influence the probability...
Persistent link: https://www.econbiz.de/10013316650
This paper studies the design of the optimal non linear taxation in an economy where longevity varies across agents, and depends on three factors: longevity genes, health investment and farsightedness. Provided earnings, farsightedness and genes are correlated, governmental intervention can be...
Persistent link: https://www.econbiz.de/10012763911
education to health, from health to education, or from factors that influence both variables. We formalize a model that … education would require large imperfections in these markets to be more welfare improving than distributional policies …
Persistent link: https://www.econbiz.de/10012978378
This paper integrates into public economics a biologically founded, stochastic process of individual ageing. The novel approach enables us to investigate the interaction between health and retirement policy in order to quantitatively characterize the optimal joint design of the social insurance...
Persistent link: https://www.econbiz.de/10013009885
How do population ageing shocks affect the long-run macroeconomic performance of an economy? To answer this question we build a general equilibrium overlapping generations model of a closed economy featuring endogenous factor prices. Finitely-lived individuals are endowed with perfect foresight...
Persistent link: https://www.econbiz.de/10010877922
Persistent link: https://www.econbiz.de/10005664311