We use the extension of compulsory education from five to eight years in Turkey as an instrument for educational … attainment to investigate the causal effects of education on prosocial behavior by utilizing Turkish Time Use Survey data. Ours … is the first paper that investigates the causal effect of education on volunteering. We find that the education reform …

Justification for policies to encourage investments in education, particularly for individuals at the lower end of the … potentially loss averse around their expected outcome make risky investments in education and we draw on optimal tax theory to … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …

redistributive taxation. Our results show how an optimal mix of education policy, public employment, and support to the unemployed …-best optimum most likely implies overprovision of education relative to a policy rule that balances the direct marginal benefit and …

revenue, which is spent for public goods (including education) and transfers (for poverty reduction). The efficient design of … the education system (by private and public education investments) determines the quality of the human capital stock as … consumption and saving. An efficient tax and transfer system being accompanied by an education system financed in public private …