The paper is based on an individual life-cycle model, which describes the purely economic components of human capital. The present value of human capital is determined by all future income flows, which at the same time constitute the individual as well as the total tax base of a nation....

This paper reviews the capacity of colleges and universities to serve poor and vulnerable populations during past and present economic shocks. The main argument is that the environment of the global recession - an Asia far more economically integrated than during past economic shocks, with more...

This paper presents a dynamic model of the decision to pursue a college education in which students face uncertainty about their future income stream after graduation due to unobserved heterogeneity in their innate scholastic ability. After students matriculate and start taking exams, they...

German universities are regarded as being under-financed, inefficient, and performing below average if compared to universities in other European countries and the US. Starting in the 1990s, several German federal states implemented reforms to improve this situation. An important part of these...

We present evidence on how The Quantum Opportunity Program (QOP hereafter) worked in the US. While the program was regarded as successful in the short-term, in the long-run its educational results were modest and its effects on risky behaviors detrimental. Exploiting control group's...

In order to study whether college scholarships can be an effective tool in raising students' performance in secondary school, we use one aspect of the Kalamazoo Promise that resembles a quasi-experiment. The surprise announcement of the scholarship created a large change in expected college...

Higher education institutions are an essential, endogenous element of economic development and take part in resolving global issues. Their utilitarian role, however, may be greatly limited as a result of improper ways of financing science and didactics. The prevailing mechanism of financing...

The activity of local government units requires them to constantly deepen the financial knowledge and competence of their employees. This article presents review of current trends in shaping financial knowledge of local government units in Poland. The first part of this paper shows trends...

The paper provides a review of laws and other actions that have been undertaken in recent years in Argentina to improve education. Review is focused on the Province of Tucumán, where he studied education policy and some of their results. It analyzes the contents of the Federal Education Law No....

While cost savings is the primary motivation for the switch to four-day school weeks in many school districts, do these school schedules save school districts any money? To answer this question, this study uses a difference-in-differences analysis using a unique, self-collected longitudinal...