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 …

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 …

. Real options may help to explain a larger human capital premium for higher education, smaller responsiveness of higher … education investments to financial incentives, and larger sensitivity of higher education to low-return outcomes and human … standard human capital model. A flat income tax remains neutral if education expenditures are fully deductible …

(SNSF), to what extent the growth of the tertiary education system has contributed to the rapid rise in applications for …

expansion of school attainment has not guaranteed improved economic conditions. This paper reviews the role of education in …

linear labor tax rate and optimal linear education subsidies. The optimal income tax trades off social insurance against … incentives to work and to invest in human capital. Education subsidies are not used for social insurance, but are only targeted … at off-setting the distortions of the labor tax and internalizing a fiscal externality. Both optimal education subsidies …