The allocation of resources between education and health is an important and puzzling decision for the governments in countries with high mortality rate. We build a three-period overlapping generation model with mortality risk and show that if public education expenditure exceeds a critical...

This article studies the growth and welfare effects of public education spending in the USA for the post-war period. We calibrate a standard dynamic general equilibrium model, where human capital is the engine of long-run endogenous growth. Our results suggest that while increases in public...

Public education is usually seen as having at least two desirable effects: fostering economic growth and reducing income inequality. This paper revisits both relations in a single model of occupational choice with an endogenous supply of teachers. First, we show that the impact of public...

Die vorliegende Dissertation beschäftigt sich modelltheoretisch mit drei Themenbereichen aus dem Feld der Bildungsforschung. Das erste Kapitel behandelt die Existenz von Studiengebühren. Bei der persönlichen Entscheidung für oder gegen ein Studium sind Studiengebühren ein Nachteil, vor...