To expand the skilled workforce, countries need to attract skilled migrants. One way of doing this is by attracting and retaining international students. Empirical evidence suggests that concerns about brain drain - that is, the emigration of highly qualified workers - are overblown and that...

We investigate the effect of higher education on the evolution of inequality. In so doing we propose a novel overlapping generations model with three social classes: the rich, the middle class, and the poor. We show that there is an initial phase in which no social class invests in higher...

We raise the issue of how appropriately to attribute economic impact to consumption expenditures. Despite the salience of the topic for applied economics it has not received much explicit attention in recent literature. In Input-Output analysis consumption expenditures are either treated as...

Transformation to post-industrial or knowledge-based economies causes changes in the structure of labour markets with growing demand on highly-qualified workforce. In XXI century human capital has become one of the most important production factors determining competitiveness and innovativeness...

We investigate the effect of higher education on the evolution of inequality. In so doing we propose a novel overlapping generations model with three social classes: the rich, the middle class, and the poor. We show that there is an initial phase in which no social class invests in higher...

While quota based and other affirmative action remains on the policy radar of nations faced with social inequalities, there is limited evidence informing policy choices at the national level. This paper estimates the mid-term impact of quota-based affirmative action in higher education (HE) in...

We characterize the outcomes of the tertiary education market in a context where borrowing constraints bind, there is a two-tier college system operating under monopolistic competition in which colleges differ by the quality offered and returns to education depend on the quality of the school...

This paper provides a conceptual framework for the articles that follow in this special issue of the Journal of Education Finance by exploring how the external social benefits of higher education contribute to higher sustainable rates of per capita development of families and nations. It...

The paper explores the trend of supply of professional education institutions. The secondary data is analyzed to investigate the reasons for large number of vacant seats in professional colleges. The last two decades had witnessed unprecedented growth in institutes of higher education primarily...

We study the relationship between political regimes and higher education and its implications for social mobility and political opposition in the context of the 1973 coup that brought Augusto Pinochet to power in Chile. We show that the Pinochet dictatorship's aims of political control and...