This paper considers education investment and public education policy in closed and open economies with an extortionary … government. The extortionary government in a closed economy chooses an education policy in order to overcome a hold-up problem of … time-consistent taxation similar to benevolent governments. The two types of government differ in their education policies …

We examine colonial-era primary education as a determinant of modern-day attainment and gender disparities in education … influence of colonial schools on the probability of attaining primary and secondary education in 2004. Overall, schools … dedicated to Moroccans in 1931 exhibit a persistent positive impact on education outcomes, but only in the absence of nearby …

evaluates the positive and normative implications of R&D subsidies and compares them with the effects of public education policy … engineering (S&E) skills, where individuals endogenously choose the type of education, and allows for heterogeneity in individual … publicly provided education targeted to S&E skills. Finally, the optimal structure of public education spending on different …

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 …, because combining skill-specific tuition fees and public education spending provide both insurance and redistribution at lower …

Statistics Finland. We analyze emigration events lasting at least five years and decompose migrant self-selection into education … positively self-selected in terms of education and earnings. We also find strong evidence of sorting: men who emigrate outside …

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 …