insurance against unemployment caused by labor market frictions and hence increases the incentives for education. We show within … a matching model that reducing the start-up costs for new firms results in higher take-up rates of education. It also …

In 1980, seven out of the seventeen Spanish regions were devolved education spending responsibility. Using a difference …

This paper provides evidence on the long run relationship between European settlers presence and education levels in … massive funds allocated to the <p> education sector post-war; (2) the role of the market via migration; (3) social interaction … effects whereby natives progressively adopted education and fertility norms of the settlers. …

This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is … positive or a negative education premium. In the same model a positive intertemporal wedge is optimal. A set of generalizations …, including non-observability of education, non-observability of consumption, and temporal resolution of uncertainty, are then …

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 …

We propose an innovation-driven growth model in which education is determined by family background and cognitive … ability. We show that compulsory schooling can move a society from elite education to mass education, which then triggers …, compulsory education is implemented first and triggers the onset of market R&D. According to the British way, market R&D is …

for both the public pay-as-you-go pension scheme and the public education system. Without labor mobility, each generation … a popular belief that increasing labor mobility decreases the incentives to finance the education of the subsequent …

-aged owning land may gain by providing public education even when they cannot tax the young. This requires that labor is not … mobile. Furthermore, establishing public education may benefit only the generation which pays for education twice, first for …