approach, we analyze the efficiency of education policy in Ramsey's tradition. Distortive wage taxation is shown to provide an … efficiency reason for subsidizing education in effective terms. Second-best policy is confronted with empirical evidence for OECD …

children invest in post-compulsory education, subject to an endogenous credit constraint, and taking policy as given. There are … two policy tools: a subsidy to those who participate in education and a proportional income tax. Not all children … transfers, vote on policy. A voting equilibrium, if it exists, is such that voters in the two tails of the income distribution …

probabilistic voting. When the poor are more politically influential, the economy is characterized by higher levels of education … vote on two issues: redistributive policies for them and education investment for their children. Public education is the … families may exchange their positions with children born to rich families. This is because education reduces the probability of …

We study voting over higher education finance in an economy with risk averse households who are heterogeneous in income …

We analyze the impact of expansion of higher education on student outcomes in the context of competition among colleges … better serve their most able students. This stylized model of curricular product differentiation in higher education offers …