In a globalized, knowledge-based economy, education and training is of great importance for increasing economic and …. According to Eurostat, Romania allocates less money to education than most European Union countries. These allocations reflect … the low level of attention paid to the education and training system. This paper analyses the situation and trends that …

implications of the analytical framework. We conduct an empirical inquiry that reveals that education plays a major role in …

education levels today, particularly among the female. Despite lower education, there is no evidence for adverse labour market …

This paper studies second best policies for education, saving, and labour in an OLG model in which endogenous growth … equilibria are inefficient. The inefficiency is exacerbated if selfish individuals externalize the positive effect of education … on descendents' productivity. It is shown to be second best to subsidize education even relative to the first best if the …

number of graduates. We use each pupil's comprehensive school grades to control for previous education / pupil quality. Also …

-day school are investigated. An extension of the model explores how an education contingent subsidy paid to the poorest families …