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education with and without capital markets integration. First, we explore how regimes of education provision - public, private …-run effects of capital markets integration, in equilibrium, on the optimal provision of education and growth. Third, we examine a … competition game where countries compete in the provision of public education. …
Persistent link: https://www.econbiz.de/10010314866
Hierarchical and comprehensive school systems are compared with respect to efficiency. At given ability, a student's probability of not completing school rises with increasing mean ability in class. Both school systems can yield identical average failure rates. Given that output losses in case...
Persistent link: https://www.econbiz.de/10010314875
-aged owning land may gain by providing public education even when they cannot tax the young. This requires that labor is not … mobile. Furthermore, establishing public education may benefit only the generation which pays for education twice, first for …
Persistent link: https://www.econbiz.de/10010315073
for both the public pay-as-you-go pension scheme and the public education system. Without labor mobility, each generation … a popular belief that increasing labor mobility decreases the incentives to finance the education of the subsequent …
Persistent link: https://www.econbiz.de/10010315085
While the effect of social security systems on retirement decisions has received much attention, the impact of these systems on individuals' incentives to invest in their human capital has not been analyzed. We integrate human capital investment and retirement decisions in a simple analytical...
Persistent link: https://www.econbiz.de/10010315113
greater selfishness is due to economics education. This paper offers empirical evidence against this widely held belief. Using … that economics education does not make people act more selfishly. Rather, this natural experiment suggests that the …
Persistent link: https://www.econbiz.de/10010315114
This paper proposes and analyzes a model of a "European economy" with three overlapping generations, redistributive social security, and public universities without tuition. Individuals differ ex ante. The effect of wage tax rate on occupational choice and the voting equilibrium of wage tax rate...
Persistent link: https://www.econbiz.de/10010315224
This paper considers education investment and public education policy in closed and open economies with an extortionary … government. The extortionary government in a closed economy chooses an education policy in order to overcome a hold-up problem of … time-consistent taxation similar to benevolent governments. The two types of government differ in their education policies …
Persistent link: https://www.econbiz.de/10010315350
This paper makes use of the regional variation in schooling legislation within the German secondary education system to …
Persistent link: https://www.econbiz.de/10010315681
decentralized education finance and considerable residential mobility, exhibits regressive between-school sorting. Between …
Persistent link: https://www.econbiz.de/10010315851