The current high rates of return to human capital stimulate a supply response via increased investments in education … differential in wages. This paper reports estimates of: the responses of investments in post-secondary education, measured by …

either a concept-based, general' education or a skill-specific, vocational' education. General education is more costly to … policies favor vocational education will grow slower in equilibrium than one that favors general education. Moreover, the gap … education subsidy policy we demonstrate that the optimal subsidy for general education increases with the growth rate of …

differences in the probability of arrest or incarceration conditional on crime. We estimate that the externality of education is … about 14-26% of the private return to schooling, suggesting that a significant part of the social return to education comes …

This paper presents a model of the intergenerational transmission of education and marital sorting where parents matter … impact in the UK than in the US as a result of the fertility and education transmission process. When the relative supply of …

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 examines the education literature through the lens of sorting. It argues that how individuals sort across …. It discusses the implications of different education finance systems for sorting and analyzes the efficiency and welfare …

In the United States, religious attendance rises sharply with education across individuals, but religious attendance … declines sharply with education across denominations. This puzzle is explained if education both increases the returns to … social connection and reduces the extent of religious belief. The positive effect of education on sociability explains the …

. I find that adoptive parents' education and income have a modest impact on child test scores but a large impact on …

Income Dynamics (PSID). We find that children raised by step, adoptive or foster mothers obtain significantly less education …