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Shutting the Stable Door After the Horse Has Bolted? On Educational Risk and the Quality of Education

Schindler, Dirk - 2011

it should instead rely on transfers for redistributing income ex post. To this end, we develop a model of education in … a skilled worker depends on individual effort in education and on public resources, but educational risk still causes … of education by public funding of the educational sector has a significant effect and that this increases efficiency in …

Persistent link: https://www.econbiz.de/10013125364

Majority Vote on Educational Standards

Schwager, Robert - 2018

The direct democratic choice of an examination standard, i.e., a performance level required to graduate, is evaluated against a utilitarian welfare function. It is shown that the median preferred standard is inefficiently low if the marginal cost of reaching a higher performance reacts more...

Persistent link: https://www.econbiz.de/10012925249

Are Expectations Alone Enough? Estimating the Effect of a Mandatory College-Prep Curriculum in Michigan

Jacob, Brian Aaron - 2016

This paper examines the impacts of the Michigan Merit Curriculum (MMC), a statewide college-preparatory curriculum that applies to the high school graduating class of 2008 and later. We use a student, longitudinal database for all public school students in Michigan for the main analyses, and...

Persistent link: https://www.econbiz.de/10012993103

The Effect of Additional Funds for Low-Ability Pupils - A Nonparametric Bounds Analysis

de Haan, Monique - 2021

This paper investigates the effect of a policy measure that gives secondary schools additional resources for low-ability pupils. Schools are free in deciding how to spend the additional money. I use a nonparametric bounds analysis to estimate upper and lower bounds on the effect of additional...

Persistent link: https://www.econbiz.de/10013315840

Global Demographic Change and Climate Policies

Gerlagh, Reyer - 2017

Between 1950 and 2017, world average life expectancy increased from below-50 to above-70, while the fertility rate dropped from 5 to about 2.5. We develop and calibrate an analytic climate-economy model with overlapping generations to study the effect of such demographic change on capital...

Persistent link: https://www.econbiz.de/10012947882

Financing Long-Term Care : Ex-Ante, Ex-Post or Both?

Costa-Font, Joan - 2014

This paper examines the heterogeneity in the public financing of long-term care (LTC), and the wide-ranging instruments in place to finance long-term care services. We distinguish and classify the institutional responses to the need for LTC financing as ex-ante (occurring prior to when the need...

Persistent link: https://www.econbiz.de/10013040003

Population Aging, Social Security and Fiscal Limits

Heer, Burkhard - 2018

We study the sustainability of pension systems using a life-cycle model with distortionary taxation that sets an upper limit to the real value of tax revenues. This limit implies an endogenous threshold dependency ratio, i.e. a point in the cross-section distribution of the population beyond...

Persistent link: https://www.econbiz.de/10012912616

The Politics of Aging and Retirement : Evidence from Swiss Referenda

Bello, Piera - 2018

Aging creates financial troubles for PAYG pension systems, since the share of retirees to workers increases. An often advocated policy response is to increase retirement age. Ironically, however, the political support for this policy may actually be hindered by population aging. Using Swiss...

Persistent link: https://www.econbiz.de/10012910941

Ageing and the Welfare State : Securing Sustainability

Meier, Volker - 2010

Over the next four decades, increasing old-age dependency ratios exert an enormous upward pressure on welfare spending in most developed countries. As this is mainly due to existing unfunded public pension schemes, many countries have embarked on far-reaching reforms in this area, strengthening...

Persistent link: https://www.econbiz.de/10013148297

Population Aging and the Direction of Technical Change

Irmen, Andreas - 2010

An analytical framework is developed to study the repercussions between endogenous capital- and labor-saving technical change and population aging. Following an intuition often attributed to Hicks (1932), I ask whether and how population aging affects the relative scarcity of factors of...

Persistent link: https://www.econbiz.de/10013149363