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We study the efficiency of secondary school design by focusing on the degree of differentiation between vocational and general education. Using a simple model of endogenous job composition, we analyze the interaction between relative demand and relative supply of skills and characterize...
Persistent link: https://www.econbiz.de/10011398130
This paper focuses on the role of institutions in poverty alleviation, where both poverty and institutions are … interpreted broadly. The broadening of the poverty notion is important at least from the policy perspective. Even if one were … convinced that higher growth would reduce income poverty to an acceptable margin, there appears to be little concrete policy …
Persistent link: https://www.econbiz.de/10011400868
Persistent link: https://www.econbiz.de/10003499586
We present a theory explaining the impact of ability tracking on academic performance based on grading policies. Our model distinguishes between initial ability, which is mainly determined by parental background, and eagerness to extend knowledge. We show that achievements of low ability...
Persistent link: https://www.econbiz.de/10012105595
We develop a model of education where individuals face educational risk. Successfully entering the skilled labor sector depends on individual effort in education and public resources, but educational risk still causes (income) inequality. We show that an optimal public policy consists of...
Persistent link: https://www.econbiz.de/10003730305
Persistent link: https://www.econbiz.de/10003497577
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 market R&D. This means that our model rationalizes two...
Persistent link: https://www.econbiz.de/10011392484
This paper develops a tractable, heterogeneous agents general equilibrium model where individuals have different endowments of the factors that complement the schooling process. The paper explores the relationship between inequality of opportunities, inequality of outcomes, and efficiency in...
Persistent link: https://www.econbiz.de/10002572564
We provide a measure of equality of educational opportunity in 54 countries, estimated as the effect of family background on student performance in two international TIMSS tests. We then show how organizational features of the education system affect equality of educational opportunity. Our...
Persistent link: https://www.econbiz.de/10003113325
Elite skills have become crucial in today’s superstar economy. We develop a multi-period skill-formation model where we show that individuals with temporary disadvantages must exert greater effort to gain access to elite education. This “underdog-incentive effect” implies that “educated...
Persistent link: https://www.econbiz.de/10012298682