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

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

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 …

The US experienced two dramatic changes in the structure of education in a fifty year period. The first was a large … students. We study the impact of these two trends on the composition of school groups by observed ability and the importance of …

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 …

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 …

. However, if most of the education is enjoyed by high ability households, education should be taxed in order to redistribute … and ability in the earnings function. With linear taxes, education should also feature a constant elasticity in a weakly …. If education is complementary to labor effort, education should be subsidized to offset tax distortions on labor supply …