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of each system for efficiency and equity of education. This paper examines impacts of different systems of student …
Persistent link: https://www.econbiz.de/10005518261
In educating students national public school systems use different methods of grouping students by ability across schools. We consider four different school systems of student allocation at different stages of schooling and their educational implications. Our two-period model suggests that both...
Persistent link: https://www.econbiz.de/10009350195
We discuss the theoretical and empirical foundations of modern economic theories of cultural transmission. The importance of cultural factors in shaping economic and social transformations has been the focus of a long-standing debate in social sciences since the XIXth Century. Neoclassical...
Persistent link: https://www.econbiz.de/10005245004
Analyses of market-based reforms of state schooling have occasionally acknowledged positional elements in parental demand, but none has fully examined their nature and implications. Contrary to the normal predictions of orthodox economic analysis, competition in positional markets can result in...
Persistent link: https://www.econbiz.de/10008462264
In the era of technological change, consumers face an environment increasingly complex, leading to significant challenges regarding buying and consuming choices and consumer protection. The most important and most influential technological changes in terms of the impact on the consumer, are...
Persistent link: https://www.econbiz.de/10010890038
education, which lowers future wages, and the present value of foregone wages decreases with age. Consumption is hump shaped …
Persistent link: https://www.econbiz.de/10010955149
It has been argued that increased life expectancy raises the rate of return on education, causing a rise in the … investment in education followed by an increase in lifetime labor supply. Empirical evidence of these relations is rather weak … dependence of hazard rates, which determine individuals’ behavioral response w.r.t. education, work and age of retirement …
Persistent link: https://www.econbiz.de/10008596600
This paper examines optimal investment in children's schooling using a two-period model. Children are assumed to contribute in an economic sense through child labour when they are young and through old-age security as adults. Parents therefore face a trade-off between current and future returns...
Persistent link: https://www.econbiz.de/10005775654
decisive set of persons can impose compulsory education on all. We find conditions under which educated persons will want to … impose compulsory education, and conditions under which uneducated persons would oppose compulsory education even if it was …
Persistent link: https://www.econbiz.de/10005671591
, education? We provide the following explanation. Say that the economy consists of several different sectors, and that agents are … uncertain which of these sectors they are best fit for. Furthermore we assume that education improves an agent's estimate of his … abilities. In that case education may be of social gain since it may improve the allocational efficiency of the economy. …
Persistent link: https://www.econbiz.de/10005781245