The paper studies the power of educational investments in relation to transfers for fostering lifetime income and for … reducing income inequality in Germany. The welfare analysis is based on a model of age-dependent human capital accumulation … transition until 2080. If policy aims at reducing the inequality of lifetime income among people of the same generation …

Parents with higher education levels have children with higher education levels. However, is this because parental … relationship between parents' education and children's education, despite significant OLS relationships. We find 2SLS estimates … education actually changes the outcomes of children, suggesting an important spillover of education policies, or is it merely …

Parents with higher education levels have children with higher education levels. However, is this because parental … relationship between parents' education and children's education, despite significant OLS relationships. We find 2SLS estimates … education actually changes the outcomes of children, suggesting an important spillover of education policies, or is it merely …