We present a theory explaining the impact of ability tracking on academic performance based on grading policies. Our model distinguishes between initial ability, which is mainly determined by parental background, and eagerness to extend knowledge. We show that achievements of low ability...

The living situation of the elderly population in Europe is gaining importance due to demographic change. In many European countries, women receive substantially lower pensions than men; gender pension gaps among pensioners can be up to 69 percent. When taking elderly people without a pension...

Persistent inequalities in educational expectations across societies are a growing concern. Recent research has explored the extent to which inequalities in education are due to primary effects (i.e., achievement differentials) versus secondary effects (i.e., choice behaviors net of...