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Efficient Education Policy - A Second-Order Elasticity Rule
Richter, Wolfram F. - 2021
Assuming a two-period model with endogenous choices of labour, education, and saving, efficient education policy is characterized for a Ramsey-like scenario in which the government is constrained to use linear instruments. It is shown that education should be effectively subsidized if, and only...
Persistent link: https://www.econbiz.de/10013316238
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The Returns to Elite College Education : A Quasi-Experimental Analysis
Anelli, Massimo - 2016
I take advantage of a sharp discontinuity in the probability of admission to an elite university at the admission score threshold, to estimate causal returns to college education quality. I use a newly constructed dataset, which combines individual administrative records about high school,...
Persistent link: https://www.econbiz.de/10012980577
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Repeated Selection with Heterogenous Individuals and Relative Age Effects
Dawid, Herbert; Mühlheusser, Gerd - CESifo - 2012
of training they receive, which is often allocated on the basis of repeated selection. We analyze optimal selection … policies in a model of endogenous skill formation where, apart from their ability to transform training into skills …
Persistent link: https://www.econbiz.de/10010542014
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Education : Optimal Choice and Efficient Policy
Richter, Wolfram F. - 2015
The research on earnings determination is based on the Mincer-Becker assumption that individuals decide on schooling by …
Persistent link: https://www.econbiz.de/10013020568
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Efficient Subsidization of Human Capital Accumulation with Overlapping Generations and Endogenous Growth
Richter, Wolfram F. - 2010
This paper studies second best policies for education, saving, and labour in an OLG model in which endogenous growth results from human capital accumulation. Government expenditures have to be financed by linear instruments so that growth equilibria are inefficient. The inefficiency is...
Persistent link: https://www.econbiz.de/10013146790
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Taxing Human Capital Efficiently When Qualified Labour is Mobile
Richter, Wolfram F.; Kunze, Lars - 2021
The paper studies the effect that skilled labour mobility has on efficient education policy. The model is one of two periods in which a representative taxpayer decides on labour, education, and saving. The government can only use linear tax and subsidy instruments. It is shown that the mobility...
Persistent link: https://www.econbiz.de/10013316063
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Beyond the Classroom : Using Title IX to Measure the Return to High School Sports
Stevenson, Betsey - 2021
Between 1972 and 1978 U.S. high schools rapidly increased their female athletic participation rates - to approximately … the same level as their male athletic participation rates - in order to comply with Title IX, a policy change that … provides a unique quasi-experiment in female athletic participation. This paper examines the causal implications of this …
Persistent link: https://www.econbiz.de/10013316244
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Taxing Education in Ramsey's Tradition
Richter, Wolfram F. - 2021
Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second-best efficient to deviate from Ramsey's Rule and to distort qualified labour less than nonqualified labour. The result holds for arbitrary utility and learning functions. Efficient...
Persistent link: https://www.econbiz.de/10013316389
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Efficient Tax Policy Ranks Education Higher than Saving
Richter, Wolfram F. - 2021
Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second-best efficient not to distort the choice of education. In general this implies distorting the saving decision. Hence a strict order of policy priority is derived. Efficient tax policy...
Persistent link: https://www.econbiz.de/10013316819
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How to Deal with Covert Child Labour, and Give Children an Effective Education, in a Poor Developing Country : An Optimal Taxation Problem with Moral Hazard
Cigno, Alessandro - 2010
Given that credit and insurance markets are imperfect, and given also that intra-household transfers, and much of the work a child does, are private information, the second-best policy uses a combination of need and merit based education awards, together with a mix of taxes on parental income,...
Persistent link: https://www.econbiz.de/10013142234