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Competitive Effects of Means-Tested School Vouchers
Figlio, David N. - 2010
We study the effects of private school competition on public school students' test scores in the wake of Florida … the scholarship program, than did students in schools that faced less competition. The degree of competition is … private school options open to students. We find that greater degrees of competition are associated with greater improvements …
Persistent link: https://www.econbiz.de/10013142543
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Inefficient Investment Waves
He, Zhiguo - 2012
We develop a dynamic model of trading and investment with limited aggregate resources to study investment cycles. Unverifiable idiosyncratic investment opportunities imply market prices to play a role of rent distribution, distorting private investment incentives from a social point of view....
Persistent link: https://www.econbiz.de/10013103789
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Too Much Data : Prices and Inefficiencies in Data Markets
Acemoglu, Daron - 2019
markets improves (utilitarian) welfare. Competition between platforms does not redress the problem of excessively low price …-sharing that improves efficiency.Institutional subscribers to the NBER working paper series, and residents of developing countries …
Persistent link: https://www.econbiz.de/10012862414
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School Inputs, Household Substitution, and Test Scores
Das, Jishnu - 2011
Empirical studies of the relationship between school inputs and test scores typically do not account for the fact that households will respond to changes in school inputs. We present a dynamic household optimization model relating test scores to school and household inputs, and test its...
Persistent link: https://www.econbiz.de/10013129026
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Training Contracts, Employee Turnover, and the Returns from Firm-Sponsored General Training
Hoffman, Mitchell - 2017
Firms may be reluctant to provide general training if workers can quit and use their gained skills elsewhere. “Training contracts” that impose a penalty for premature quitting can help alleviate this inefficiency. Using plausibly exogenous contractual variation from a leading trucking firm,...
Persistent link: https://www.econbiz.de/10012960703
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The Economics of Has-Beens
MacDonald, Glenn; Weisbach, Michael S. - 2021
Evolution of technology causes human capital to become obsolete. We study this phenomenon in an overlapping generations setting, assuming it is hard to predict how technology will evolve, and that older workers find updating uneconomic. Among our results is the proposition that (under certain...
Persistent link: https://www.econbiz.de/10013215692
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Are There Civic Returns to Education?
Dee, Thomas S. - 2021
The hypothesized effects of educational attainment on adult civic engagement and attitudes provide some of the most important justifications for government intervention in the market for education. In this study, I present evidence on whether these externalities exist. I assess and implement two...
Persistent link: https://www.econbiz.de/10013212878
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Education, Work, and Crime : A Human Capital Approach
Lochner, Lance - 2021
This paper develops a model of crime in which human capital increases the opportunity cost of crime from foregone work and expected costs associated with incarceration. Older, more intelligent, and more educated adults should commit fewer street (unskilled) crimes. White collar crimes decline...
Persistent link: https://www.econbiz.de/10013246681
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A Multiplicative Model of Investment in Human Capital
Weiss, Yoram - 2021
The purpose of this paper is to analyze the effects of changes in exogenous parameters such as the interest rate, the length of the working period and initial endowments on the shape of the observed earnings profile. Though this problem can be treated in general, we shall restrict ourselves to...
Persistent link: https://www.econbiz.de/10013227073
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Anti-Lemons : School Reputation and Educational Quality
MacLeod, W. Bentley - 2009
are allowed to select on ability, then competition leads to stratification by parental income, increased transmission of …
Persistent link: https://www.econbiz.de/10013158508