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We study the dynamics of the quantity and quality of teachers in the framework of dynamic general equilibrium OLG model … student while being bound by teachers’ collective bargaining agreement which equalizes teacher pay. Our model features two … stages of education: basic and advanced (college), the latter being required of teachers. The cost of hiring teachers is …
Persistent link: https://www.econbiz.de/10003806054
-based knowledge but do not affect mathematical literacy. Moreover, teachers in German states with central exit examinations are more …
Persistent link: https://www.econbiz.de/10003850145
We investigate the effects of a large-scale Norwegian reform that provided extra teachers to 166 lower secondary …
Persistent link: https://www.econbiz.de/10013202391
In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled sector, successful graduation depends both on individual effort to study and on public resources. We show that insuring the present risks is a dichotomic task: Wage risk is...
Persistent link: https://www.econbiz.de/10003806025
We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect of cognitive skills and supports the economic benefits of effective school policy. We develop a new common metric that allows tracking student achievement across countries, over...
Persistent link: https://www.econbiz.de/10003806721
In a model with ex-ante homogenous households, earnings risk and a general earnings function, we derive the optimal 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....
Persistent link: https://www.econbiz.de/10003806742
We use Swiss data to test whether intergenerational educational mobility is affected by the age at which children first enter (primary) school. Early age at school entry significantly affects mobility and reduces the relative advantage of children of better educated parents. -- Age at entry ;...
Persistent link: https://www.econbiz.de/10003807899
Economic development in Latin America has trailed most other world regions over the past four decades despite its relatively high initial development and school attainment levels. This puzzle can be resolved by considering the actual learning as expressed in tests of cognitive skills, on which...
Persistent link: https://www.econbiz.de/10003850158
In exploring the impact of tax policy on labor-market performance, the paper first investigates how tax reform impacts labor supply and equilibrium unemployment in representative agent models. The impact of tax policy on labor market performance depends importantly on various other labor-market...
Persistent link: https://www.econbiz.de/10011509463
The risk of investment in schooling has largely been ignored. We assess the variance in the rate of return by surveying the international empirical literature from this fresh perspective and by simulating risky earnings profiles in alternative options, choosing parameters on basis of the very...
Persistent link: https://www.econbiz.de/10011450523