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 …

positively skewed. Our best guess of ex ante risk in university education is a coefficient of variation of about 0.3, comparable …

. The quantity and quality are jointly set by a government agency wishing to maximize the quality of basic education per … stages of education: basic and advanced (college), the latter being required of teachers. The cost of hiring teachers is … workers, hence to the college premium. We show that this will exacerbate the negative trends in the quality of basic education …

linear labor tax rate and optimal linear education subsidies. The optimal income tax trades off social insurance against … incentives to work and to invest in human capital. Education subsidies are not used for social insurance, but are only targeted … at off-setting the distortions of the labor tax and internalizing a fiscal externality. Both optimal education subsidies …

children of better educated parents. -- Age at entry ; intergenerational transmission of education ; educational mobility …

Given significant expenditures on education technologies, an important question is whether these products are adopted …