quantitative theory to study the dynamic implications of informality on wage inequality, human capital accumulation, child labor … path. Hence, we examine the effectiveness of different development policies to exit the poverty trap. Our numerical … experiments show that using means-tested education subsidies is the most cost-effective single policy option. However, for longer …

countries. We structurally estimate a model of oligopsony with free entry for countries at different stages of development and … the top of the development ladder. …

equal distribution of education contributes significantly to reducing income inequality. Educational expansion is a major … stability contribute to reducing income inequality, while public spending on education helps to reduce educational inequality … factor in reducing educational inequality and thus income inequality. Public policies that improve social benefits and price …

male wage inequality on her local marriage market - the more heterogeneous potential future mates are in terms of earnings … education but the other one does not. Because of the high degree of assortative matching according to education on the marriage …

-cycle model, we determine that taxes and transfers offset 45% of lifetime earnings inequality attributed to differences in … productive abilities and education. Additionally, the system insures against 48% of lifetime earnings risk. Implementing a …

-cycle model, we determine that taxes and transfers offset 45% of lifetime earnings inequality attributed to differences in … productive abilities and education. Additionally, the system insures against 48% of lifetime earnings risk. Implementing a …

Constructing measures of post-tax income inequality that are consistent with national accounts requires the allocation … the form of in-kind collective expenditure (e.g., education, defense, infrastructure). The dominant assumption in the …, we find that public education spending goes disproportionately to the bottom half of the income distribution. A lump …

choose the non-professional education track. Those who might have otherwise pursued higher, professional education may forgo … education since, they will be overqualified in the host country. This will have a long run affect. As time goes on, therefore …

consumption expenditure (e.g., education, defense, and the general legal and administrative infrastructure). Because of data … some of the collective consumption expenditure is actually distributed. We focus on public spending on education, which … makes up about 5% of national income in most OECD countries. We find that, in Germany at least, education spending tends to …