It may be in the interest of low-ability individuals to subsidize the education of high-ability individuals. Sufficient … conditions are surprisingly mild: positive externalities in education and complementarity in production between human capital and … investment in education. …

An increasing international applicability of a given type of education encourages students to invest more effort when … studying. Governments, on the other hand, face an incentive to divert the provision of public education away from … internationally applicable education toward country-specific skills. This would mean educating too few engineers, economists and …

It may be in the interest of low-ability individuals to subsidize the education of high-ability individuals. Sufficient … conditions are surprisingly mild: positive externalities in education and complementarity in production between human capital and … investment in education. …

This paper analyzes public provision of internationally applicable and country-specific education, when job … opportunities available to those with internationally applicable education are uncertain. Migration provides a market insurance in … education encourages students to invest more effort when studying. Governments, on the other hand, face an incentive to divert …

This paper analyzes educational choices and political support for subsidies to higher education in the presence of a … motivates the median voter to obtain higher education. As a result of increasing own income, the median voter prefers in the … future lower taxes than without higher education. Therefore, the expansion of participation in higher education during the …