DEMANGE, GABRIELLE; FENGE, ROBERT; UEBELMESSER, SILKE - In: Journal of Public Economic Theory 16 (2014) 3, pp. 343-371
This paper analyzes how integrated labor markets affect the financing of higher education. For this, we employ a general-equilibrium model with overlapping generations and individuals who differ in their abilities. At the first stage, governments can choose the quality of education and the...