parents inclined to consider the house as the typical bequest-friendly asset, even at the expense of children’s education …

This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is … positive or a negative education premium. In the same model a positive intertemporal wedge is optimal. A set of generalizations …, including non-observability of education, non-observability of consumption, and temporal resolution of uncertainty, are then …

We study Pareto optimal tax and education policies when human capital upon labor market entry is endogenous and … individuals face wage uncertainty. Though optimal labor distortions are history-dependent, i.e. depend on income and education …-contingent loans. To take themodel to the (US) data, we simplify the model to a binary education decision (graduating from college or …

education in schools and universities to noninstitutional forms of learning such as home study. The dynamic effects of shifts in … education policy as well as their welfare implications are also calculated in the paper. …

attempting the economic rehabilitation of the beneficiaries. Hirsch systematically suggests that education and professional …-Hungarian Empire, through education and professional training. In 1891, after discarding the possibility of improving the quality of … Jewish Colonization Association in the colonies should have been all consistent with Hirsch's vision on education. The …

primary school education from 7 to 8 years. At the same time, the reform did not affect the education system at post …-primary levels, that is the system of secondary and higher education. In result, all education tracks were extended by one year … reform had a negative impact on the hourly earnings of individuals with primary education. …

period, first the post-World War baby boom and then the substantial increase in education led to higher economic growth than … otherwise expected. As the pace of increase in education slowed and the workforce aged toward the end of the period, human …