participation. We build an overlapping generations life-cycle, heterogeneous-agent, incomplete-markets model with education, labor … education. We find that the current financial aid system in the U.S. improves welfare, and removing it would reduce GDP by 4 …

education, labour supply, and consumption/saving decisions. Altruistic parents make inter vivos transfers to their children … of funding for college education. We find that the current financial aid system in the U.S. improves welfare, and …

participation. We build an overlapping generations life cycle model with education, labor supply, and consumption/saving decisions …. Cognitive and non-cognitive skills of children depend on the cognitive skills and education of parents, and affect education … be used to fund education, supplementing grants, loans and the labor supply of the children themselves during college …

The paper estimates the returns to education for a cohort of individuals born in Britain in March 1958 who have been … education, social class and interest shown in the child's education as well as measures of ability. The nature of our data … from measurement error in education qualification variables which have been found to be important in other studies. The …