Altruistic parents may transfer resources to their offspring by providing education, and by leaving bequests. We show … with only intended bequests, by enhancing incentives of parents to invest in their children’s education. This result holds …

, the middle-aged owning land may gain by providing public education even when they cannot tax the young and when the young … face no credit market constraints. This requires that labor is not mobile. Furthermore, establishing public education may … benefit only the generation which pays for education twice, first for itself and then for the next generation. …

Using Finnish panel data, we study how entrepreneurs differ from workers in education and income dynamics. We find that … income with all but undergraduate level of education. However, random effects and matching models suggest that entrepreneurs … have lower incomes. We also analyze those who changed careers. Those with higher level of education are more likely to …

country with flat-rate benefits may reduce their investment in education. With suitably planned transfers between the two …

-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 …