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In the United States wealth is highly concentrated and very unequally distributed: the richest 1% hold one third of the total wealth in the economy. Understanding the determinants of wealth inequality is a challenge for many economic models. We summarize some key facts about the wealth...
Persistent link: https://www.econbiz.de/10005088591
We develop a general equilibrium model of the market for undergraduate higher education that captures the coexistence … characteristics of U.S. higher education including college attendance in public and private schools, tuition levels, and the …
Persistent link: https://www.econbiz.de/10010822012
Parents may have important effects on their children, but little work in economics explores whether children's schooling opportunities crowd out or encourage parents' investment in children. We analyze data from the Head Start Impact Study, which granted randomly-chosen preschool-aged children...
Persistent link: https://www.econbiz.de/10009401050
This paper reviews some of the econometric methods that have been used in the economics of education. The focus is on … interpretation of the results. We start by considering the estimation of the returns to education both within the context of a … of assessing the impact of education quality, the teacher contribution to pupils' achievement and the effect of school …
Persistent link: https://www.econbiz.de/10008622342
In recent years, the United States has witnessed significant growth in programs of financial and retirement education … in the workplace. This phenomenon provides an opportunity to assess the effects of targeted education programs on …-based financial education. While our primary focus concerns the effects of these programs on saving (both in general and for the …
Persistent link: https://www.econbiz.de/10005723015
labor income tax rates nationwide than the Massachusetts health reform added to average rates in Massachusetts following its … 2006 statewide health reform. The rate impacts are different between the two laws for several reasons, especially that: the …, before either reform Massachusetts had already been offering more means-tested and employment-tested health insurance …
Persistent link: https://www.econbiz.de/10010950849
The Affordable Care Act includes four significant, permanent, implicit unemployment assistance programs, plus various implicit subsidies for underemployment, and expanded Medicaid eligibility for adults. Every sector of the economy, and about half of nonelderly adults, is directly affected by at...
Persistent link: https://www.econbiz.de/10010951476
This paper constructs a dynamic model of health insurance to evaluate the short- and long run effects of policies that … prevent firms from conditioning wages on health conditions of their workers, and that prevent health insurance companies from … charging individuals with adverse health conditions higher insurance premia. Our study is motivated by recent US legislation …
Persistent link: https://www.econbiz.de/10010796696
In spite of the large expected costs of needing long-term care, only 10-12 percent of the elderly population has private insurance coverage. Medicaid, which provides means-tested public assistance and pays for almost half of long-term care costs, spends more than $100 billion annually on...
Persistent link: https://www.econbiz.de/10008674239
This paper describes four lessons derived from 115 rigorous impact evaluations of educational initiatives in 33 low- and middle-income countries. First, reducing the costs of going to school and providing alternatives to traditional public schools increase attendance and attainment, but do not...
Persistent link: https://www.econbiz.de/10010950949