support the claim of substantial economic benefits from preschool education programs. Previous studies of the rate of return …

is a strong positive relationship between parental education, or earnings, and time spent with children. We then show … difference. We speculate that one reason for this positive education gradient relates to the investment aspect of time spent with …

This paper organizes and synthesizes the literature on early childhood education and childcare. In it, we go beyond …

The paper studies a typical state-level education finance equalization scheme, and considers two questions. First, what … fraction of state education aid is spent on schools? And second, does increased educational funding for historically low … that 50 to 75 cents of each dollar of education aid were spent on schools. Estimates also suggest that increased spending …

This paper analyzes the non-market benefits of education and ability. Using a dynamic model of educational choice we … estimate returns to education that account for selection bias and sorting on gains. We investigate a range of non … patterns of returns that depend on the levels of schooling and ability. Unlike the monetary benefits of education, the benefits …

because of disincentives to acquire education arising from the redistributional policies that increase income mobility …