To design an optimal education policy, it is essential to account for the fertility differential between the poor and the rich because it affects the human capital investment through the child quantity-quality tradeoff of children. We develop a dynamic general equilibrium in which parents choose...

This paper reviews the evidence on the effectiveness of individual merit pay systems for teachers on student achievement, and it presents new empirical results based on a system established within a collective bargaining environment. While many merit pay systems have been established in school...

Der Begriff der Ausbildungsadäquanz zielt auf den Grad der Übereinstimmung zwischen den im Bildungssystem erworbenen Qualifikationen und dem Anforderungsprofil der am Arbeitsmarkt ausgeübten Tätigkeit. Im Falle einer ausbildungsinadäquaten Beschäftigung oder auch Fehlqualifikation bleibt...

Declining social and economic inequalities since the late 1990s coincided with several basic shifts in Latin America's political landscape, including an electoral turn to the left and a revival of social mobilization from below. These shifts helped to 'repoliticize' inequality and return...

We show that a calibrated dynamic skill accumulation model allowing for comparative advantages, can explain the weak (or negative) effects of schooling on productivity that have been recently reported (i) in the micro literature on compulsory schooling, ii) in the micro literature on estimating...

This paper aims to understand how corruption responds to financial incentives and, in particular, it is an attempt to identify the causal impact of a wage loss on the prevalence of corruption in the education sector. Specifically, we exploit the unexpected wage cut in May 2010 that affected all...

Friedman (1962) suggested that in general, unfettered markets ensure the efficient provision of goods and services. Applying this logic to Education, he recommended that students be provided with vouchers and allowed to purchase schooling services in a free market ((Friedman (1955, 1962)). Hoxby...

In this paper, we use the individual-level USR data for the wholepopulation of 1993 leavers from the ‘old’ universities of the UK toinvestigate the determinants of graduate occupational earnings. Amongother results, we find that there are significant differences in theoccupational earnings...

We use a unique data set about the wage distribution that Swiss students expect for themselves ex ante, deriving parametric and non-parametric measures to capture expected wage risk. These wage risk measures are unfettered by heterogeneity which handicapped the use of actual market wage...

We investigate whether a causal interpretation of the robust association between cognitive skills and economic growth is appropriate and whether cross-country evidence supports a case for the economic benefits of effective school policy. We develop a new common metric that allows tracking...