permanent endowments as well as on education. We find evidence of statistically significant complementarity, i.e. the higher …

We develop a general equilibrium overlapping generations model which is based on the view that education makes workers … increase productivity. One important implication of the model is that the enrolment rate to education has a negative effect on … relationship between education and economic growth that has been found in the empirical macroeconomic literature. Conversely, for a …

experiments show that using means-tested education subsidies is the most cost-effective single policy option. However, for longer … time horizons, or as the economy gets closer to the poverty trap threshold, combining means-tested education and wage …

the determinants of the least squares bias of the wage return to education. We find that disregarding individual fixed …

We document that, over the 20th century, age at first marriage followed a U-shaped pattern, while the gender education …

market. At the same time, education is a time-consuming process, and enrolment and dropout decisions depend on expected … in finding a job. Standard models of job search and education assume that skills can be upgraded instantaneously (and … mostly in the form of on-the-job training) at a fixed cost. This paper models education as a time-consuming process, a …

We propose a model of intergenerational transmission of education wherein children belong to either highly educated or … interactions with other low-educated students (i.e., homophily), which reduces the education effort of their parents and, thus … kids from different education backgrounds can be effective in reducing the education gap between them. …