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Empirical evidence suggests that positive externalities from R&D exceed negative ones. According to conventional wisdom, this calls for R&D subsidies. This paper develops a quality-ladder growth model with overlapping generations which evaluates the positive and normative implications of R&D...
Persistent link: https://www.econbiz.de/10011449704
We study voting over higher education finance in an economy with risk averse households who are heterogeneous in income. We compare four different systems and analyse voters' choices among them: a traditional subsidy scheme, a pure loan scheme, income contingent loans and graduate taxes. Using...
Persistent link: https://www.econbiz.de/10003897350
. Households differ in their financial endowment and their children's ability. Non-students are immobile. Students decide where to … rates, but the larger are the numbers of exchange students. -- voting ; higher education ; financing scheme ; mobility …
Persistent link: https://www.econbiz.de/10009571122
The number of tertiary students enrolled outside their home country has almost doubled in the last decade. In higher … students who can be expected to work abroad after graduation with high probability. This paper analyzes whether and how student …, this points into the direction that the larger the share of foreign students among all students in a country, the more a …
Persistent link: https://www.econbiz.de/10010404374
and scholars that the declines in state support have reduced the return to education investment for public sector students … four-year students, and we analyze individuals into their mid-30s. For four-year students, we find that state appropriation … adverse debt outcomes, and these students experience substantial increases in their credit score and in the affluence of the …
Persistent link: https://www.econbiz.de/10012294613
selective colleges to lower their curricular demands, low-ability students benefit at the expense of medium-ability students … better serve their most able students. This stylized model of curricular product differentiation in higher education offers …
Persistent link: https://www.econbiz.de/10011547733
This paper investigates how high school gender composition affects students' participation in STEM at college. Using …
Persistent link: https://www.econbiz.de/10012064241
difference-in-difference approach using administrative panel data on over 54,000 course grades of local students enrolled at … Maastricht University before and during the partial cannabis prohibition. We find that the academic performance of students who … are no longer legally permitted to buy cannabis increases substantially. Grade improvements are driven by younger students …
Persistent link: https://www.econbiz.de/10010509649
of less able students. As we argue in the paper, this adjustment benefits low-ability college students at the expense of … colleges become a less appealing alternative for the medium ability students. The selective, elite colleges therefore adopt a … more demanding curriculum to better serve their most able students, again at the expense of medium ability students. The …
Persistent link: https://www.econbiz.de/10010506322
Family and social networks are widely believed to influence important life decisions but identifying their causal effects is notoriously difficult. Using admissions thresholds that directly affect older but not younger siblings' college options, we present evidence from the United States,...
Persistent link: https://www.econbiz.de/10012219366