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Student performance in Sub-Saharan Africa is tragically low. We study the importance of teacher subject knowledge for …. After measurement-error correction, a one-standard-deviation increase in teacher subject knowledge raises student … teacher sorting. Furthermore, teacher knowledge and school resources appear to be complements in student learning …
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Inheritance taxes may induce heirs to discontinue family firms. Because firm dissolution incurs transaction costs, a preferential tax treatment of transferred family businesses seems to be desirable from a macroeconomic viewpoint. The support of dynastic succession, however, entails also a cost...
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