Recent empirical analyses reveal substantial differences in the choices of college majors between demographic and socio-economic groups that are further amplified upon students' adjustment of their educational choices in the course of studies. The best documented and salient are the differences...

We study the dynamics of the quantity and quality of teachers in the framework of dynamic general equilibrium OLG model. The quantity and quality are jointly set by a government agency wishing to maximize the quality of basic education per student while being bound by teachers’ collective...