's education. Less obvious externalities may result when parents underinvest in themselves because they fail to consider spillover … programs to alleviate these intergenerational externalities. Specifically, the sub-optimal investment in offspring human … intergenerational externalities in greater detail …

performance. Third, to the extent that class size matters, it is more important for disadvantaged children. Special education … empirically. Finally, because public schools that operate in a centralized environment do not capture the returns to their …

It can be claimed that education is simply a normal consumption good and that like all other normal goods, an increase …