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We evaluate the aggregate, distributional and welfare consequences of alternative government education policies to encourage college completion, such as making college free and improving funding for public schooling. To do so, we construct a general equilibrium overlapping generations model with...
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In the Global South economic mobility across generations or intergenerational economic mobility is in and of itself an important topic for research with consequences for policy. This 'Element' surveys the area, conceptually and empirically.
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persistence of transitory shocks and their implications for the persistence of poverty and income inequality. The results suggest … poor individuals stayed in poverty for two years on average. In East Germany, the contribution of the permanent component … to overall income inequality increased from 20 percent in 1990 to over 70 percent in 1998 and the persistence of poverty …
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