Empirical evidence suggests that positive externalities from R&D exceed negative ones. According to conventional wisdom, this calls for R&D subsidies. This paper develops a quality-ladder growth model with overlapping generations which evaluates the positive and normative implications of R&D...

Empirical evidence suggests that positive externalities from R&D exceed negative ones. According to conventional wisdom, this calls for R&D subsidies. This paper develops a quality-ladder growth model with overlapping generations which evaluates the positive and normative implications of R&D...

Empirical evidence suggests that positive externalities from R&D exceed negative ones. According to conventional wisdom, this calls for R&D subsidies. This paper develops a quality-ladder growth model with overlapping generations which evaluates the positive and normative implications of R&D...

In Deutschland erfolgt die finanzielle Förderung bedürftiger Studierender durch das Bundesausbildungsförderungsgesetz (BAföG) mit dem Ziel, den Zugang zu qualifizierenden Ausbildungsstätten für alle - unabhängig von der wirtschaftlichen Situation der Familie - zu ermöglichen. Im Dezember...

The Swedish adult education program known as the Knowledge Lift is unprecedented in its size and scope, aiming to raise the skill level of all low-skilled workers towards the medium level. This paper evaluates the effects of program participation on individual labor market outcomes, notably...

Using that schools are in session during the school year and out of session during the summer, it is possible to isolate the effect of schooling on learning. This natural experiment situation can also be used to see whether schooling compensates for disadvantageous social backgrounds. Using a...

Over the past 30 years, participation in Further Education (FE) in England has been markedly counter-cyclical. What is more, it has yet to increase beyond the peak of 70% reached in 1993, much to the concern of policy-makers. An obvious explanation for these facts is the availability of labour...

In this paper we provide evidence for the impact of public funding on enrolment of students in college. We use a panel for European countries and apply instrumental variables techniques to find that public funding for schooling – regardless at what level – does increase college enrolment...

Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second-best efficient not to distort the choice of education. In general this implies distorting the saving decision. Hence a strict order of policy priority is derived. Efficient tax policy...

Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second-best efficient to deviate from Ramsey's Rule and to distort qualified labour less than nonqualified labour. The result holds for arbitrary utility and learning functions. Efficient...