This paper compares partial and general equilibrium effects of alternative financial aid policies intended to promote … education, labour supply, and consumption/saving decisions. Altruistic parents make inter vivos transfers to their children … of funding for college education. We find that the current financial aid system in the U.S. improves welfare, and …

This paper examines the equilibrium effects of alternative financial aid policies intended to promote college … participation. We build an overlapping generations life cycle model with education, labor supply, and consumption/saving decisions …. Cognitive and non-cognitive skills of children depend on the cognitive skills and education of parents, and affect education …

This paper examines the equilibrium effects of alternative financial aid policies intended to promote college … participation. We build an overlapping generations life-cycle, heterogeneous-agent, incomplete-markets model with education, labor … education. We find that the current financial aid system in the U.S. improves welfare, and removing it would reduce GDP by 4 …

new skills will be needed, and how existing jobs will change; (ii) upgrading education and professional training schemes …

The purpose of this paper is to provide an update of the empirical evidence on the private returns to education in … Italy. First, we show that, whilst returns to education in Italy (based on gross wages) are in line with the European … marginal return to the marginal cost of education – we speculate that either marginal costs are steeper in Italy or that a …

This paper studies optimal education subsidies when parental transfers are unequally distributed across students and … similar family resources, I examine its implications for how the education subsidy should vary with schooling level and family …