Fiscal externalities arise if subsidies to higher education raise future net fiscal revenues. We investigate in which countries fiscal externalities provide a justification for increasing subsidies to higher education. First, we show that the marginal fiscal recovery rate, i.e. the ratio of the...

Fiscal externalities arise if subsidies to higher education raise future net fiscal revenues. We investigate in which countries fiscal externalities provide a justification for increasing subsidies to higher education. First, we show that the marginal fiscal recovery rate, i.e. the ratio of the...

Recently revived “dog-whistle” political calls by the UK Labour Party to end the so-called “scandal of tax beaks for UK private schools” , combined with Labour’s robust opinion poll lead over the Conservatives in the run in towards the scheduled 2025 UK General Election, make it look...

Military service is an important vehicle through which young Americans invest in their human capital. Using internal military data, we show that county-level exposure to U.S. combat casualties during the Iraq and Afghanistan wars decreased the supply of new soldiers in that county, and changed...

To estimate causal effects of college choice, we exploit eligibility rules for student loans in a regression discontinuity design. Loan programs induce students to pursue college degrees that are more expensive and prolonged relative to technical education. Although higher education is...

Income contingent loans are an increasingly popular tool for funding higher education. These loans have desirable features, but also potentially high overall government write-offs in the long run. This latter fact has been well documented, but little is known about how those write-offs vary by...

Viele Bachelor-Studierende in Deutschland sind neben ihrem Studium erwerbstätig. Sie investieren dabei nicht unerheblich viel Zeit in ihren Nebenjob: Gemessen an der Regelstudienzeit beträgt das Arbeitsvolumen im Durchschnitt rund 20 Prozent. Bei einer durchgehenden Erwerbstätigkeit während...

We estimate effects of the Pell Grant - the largest U.S. federal grant for college students - using administrative data from Texas public colleges and a discontinuity in grant generosity for low-income students. Within four-year institutions, eligibility for additional grant aid significantly...

Deutschland investiert zu wenig in Bildung-darüber sind sich Wissenschaft und Medien einig. Dass diese Investitionen überwiegend öffentlich finanziert werden müssen, wird nicht bezweifelt. Die Frage ist aber, ob es mit den in der Vergangenheit getätigten Bildungsinvestitionen gelungen ist,...

I show how local supply changes create ripple effects in a national educational market. Admitting an applicant to a program will free up a slot to be filled at her next-best alternative. To investigate such substitution effects I re-engineer the centralized admission system of the Danish...