Incomplete information is a commitment device for time consistency problems. In the context of time consistent labor income taxation privacy can lead to a Pareto superior outcome and increases the effectiveness of public education as a second best policy.

Incomplete information is a commitment device for time consistency problems. In the context of time consistent labor income taxation privacy can lead to a Pareto superior outcome and increases the effectiveness of public education as a second best policy.

Pop-Eleches and Urquiola (2013) apply a regression discontinuity to the Romanian secondary school system, and notably find that (a) students who go to a better school get higher scores on an exam used for university admission, (b) parents of students who get into a better school help their kids...

This paper analyses the determinants of participation in higher education in West Germany. In particular, the role of social origin as well as of expectations regarding the labour market outcome of a higher education degree and of public educational policy are examined. The estimations are based...