emerge. First, minor differences in education technologies, preferences, or wealth, can lead to a high degree of … inequality in education and income more persistent across generations. Whether the same is true of inequality in total wealth … richer communities; thus average academic performance and income growth both fall. Yet it may still be possible for education …

Parents with higher education levels have children with higher education levels. Is this because parental education … actually changes the outcomes of children, suggesting an important spillover of education policies, or is it merely that more … able individuals who have higher education also have more able children? This Paper proposes to answer this question by …

Estimates of the effect of education on GDP (the social return to education) have been hard to reconcile with micro … human capital is negatively related to its return, and a higher education level compresses wage differentials. We use cross … that the private return falls by 1.5 percentage points when the average education level increases by a year, which is …

performance in further education or in the labour market, and we seek evidence of such phenomena in Italian data. If students … public schools than for those who choose to pay for private education. …

This study examines the extent to which the transition from university education to work is characterized by persistent …

The validity of family background variables instrumenting education in income regressions has been much criticized. In … (perfect validity of the instrument). The size of the bias is in many cases smaller than the standard error of education …