December 1999 <p> This papers develops a theory of intergenerational exchange for generations that are either selfish or have non-dynastic altruism. The main building blocks of the theory are forward and backward intergenerational goods (FIGs and BIGs) and the relationship between them. A FIG is a...</p>

This paper examines the relationship between house price levels, school performance, and the racial and ethnic composition of Connecticut school districts between 1995 and 2000. A panel of Connecticut school districts over both time and labor market areas is used to estimate a simultaneous...

The 1971 ruling of the California Supreme Court in the case of Serrano v. Priest initiated a chain of events that abruptly ended local financing of public schools in California. In seven short years, California transformed its school finance system from a decentralized one in which local...

We study the effects of various types of education and training on teacherproductivity. Previous studies on the subject have been hampered by inadequatemeasures of teacher training and difficulties addressing the non-random selectionof teachers to students and of teachers to training. We address...

In this paper we analyze a unique micro-level panel data set encompassing all publicschool students in grades 3-10 in the state of Florida for each of the years 1999/2000-2003/2004.We are able to directly link each student and teacher to a specific classroom and can thus identifyeach member of a...

Education is one of the most important services provided by public governments in almost every country worldwide. However, the most important cross-country observations about education ? like the PISA report by the OECD or the TIMSS by the IEA ? focus only on international benchmarks to compare...

Education is one of the most important services provided by public governments in almost every country worldwide. However, the most important cross-country observations about education ? like the PISA report by the OECD or the TIMSS by the IEA ? focus only on international benchmarks to compare...

This paper analyzes a competition game between two universities that teach and research in the same juridiction. The resulting equilibrium is unique and symmetric but differs according to preferences, technologies and public policy. The bydget for university finance is exogenously givenand...

Le developpement de l'enseignement superieur est percu depuis plus de trois decennies comme un phenomene naturel, mais une grille de lecture generale et theorique n'en est pas pour autant inutile. Complement indispendable a la theorie dominante du capital humain, l'article trop meconnu d'Arrow...

Universities' impacts on their local areas can be divided into spending impacts and knowledge effects. Spending impacts refer to the effects of consumption spending by university staff and students, and of spending by universities themselves on capital equipment and supplies, on income and...