Most governments provide some public education and must choose how to finance it from fiscal transfers and user fees. I study the effects of a shift from mixed funding to pure fiscal transfers in South African secondary schools. Fee elimination increased enrollment in early grades but decreased...

The total social benefits of college education exceed the private benefits because the government receives a share of the monetary returns in the form of income taxes. We study the policy implications of this fiscal externality in an optimal dynamic tax framework. Using a variational approach we...

The total social benefits of college education exceed the private benefits because the government receives a share of the monetary returns in the form of income taxes. We study the policy implications of this fiscal externality in an optimal dynamic tax framework. Using a variational approach we...

The total social benefits of college education exceed the private benefits because the government receives a share of the monetary returns in the form of income taxes. We study the policy implications of this fiscal externality in an optimal dynamic tax framework. Using a variational approach we...

Does limited access to credit explain some of the gap in schooling attainment between children from richer and poorer families? I present new evidence on this important question using data from two loan programs for college students in Chile. Both programs offer loans to students who score above...

The NZ labour market is among the most flexible in the OECD, and outcomes for its young people have been among the best. However, labour-market opportunities are heavily determined by initial education, where New Zealand’s system is also successful and innovative in many ways. Average PISA...

I evaluate a financial aid policy which automatically granted 1,800 euros annually to low-income students scoring in the top 5% of high school students and enrolling in higher education. Using a regression discontinuity design, I find that it had no significant impact on various higher education...

Equal educational opportunity is a core American value. Yet many children of low-income or minority racial or ethnic status attend public schools that are lower quality compared with those that white children or high-income children attend. And data indicate that, on average, low-income or...

Equal educational opportunity is a core American value. Yet many children of low-income or minority racial or ethnic status attend public schools that are lower quality compared with those that white children or high-income children attend. And data indicate that, on average, low-income or...

Income distribution and the degree of intergenerational mobility is strongly connected to education. Elites emerge and may block students with more innate ability. CEOs sit in the very top echelon of income distribution and benefit from parental and other advantages. They are therefore an...