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 …

Assuming a two-period model with endogenous choices of labour, education, and saving, efficient education policy is … education should be effectively subsidized if, and only if, the elasticity of the earnings function is increasing in education …

This paper shows that the design of education policy involves a potential conflict between welfare and social mobility …. We consider a setting in which social mobility is maximized under the least elitist public education system, whereas … private supplementary education is available, but social mobility may be reduced …

potentially loss averse around their expected outcome make risky investments in education and we draw on optimal tax theory to …Justification for policies to encourage investments in education, particularly for individuals at the lower end of the … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …

We study the causal effect of maternal education on childhood immunization rates. We use the Compulsory Education Law … education of mothers increases the probability of completing the full course of DPT and Hepatitis B vaccinations for their … children. Furthermore, education increases the age of first marriage and birth, changes women's and their spouse's labour …

respect to education policy, our findings suggest that early school tracking might increase disadvantages for students with …