This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model …

development regimes and it illustrates wider role of education in tackling possible development traps. …

automatically decrease with higher levels of education/knowledge and generational change. Furthermore, the analysis of the voter …

. However, if the programme generates externalities for non-participants such an approach will capture only part of the …

We investigate externalities in higher education enrollment over the course of development in a two-sector model. Each … acquiring human capital. Both sectors exhibit productivity externalities in the size of the skill-specific labor and in the … stages of development witness underenrollment in higher education, while highly developed economies experience overenrollment. …

This paper is a preliminary look at the benefits to states in the US of subsidizing college education. The benefits … studies are the external benefits of college education on the earnings of both college graduates and those who have not … graduated from college. In completing a college education individuals earn more. In addition, if there are positive external …

A pay-as-you-go pension scheme is associated with positive externalities of having children and providing them with … education, we discuss internalization policies associated with child benefits in the pension formula. The second-best scheme …