We consider the effects of income redistribution when people can migrate from one country to another, and when land within each country is heterogeneous. Taxes related to income can then affect property values, and can induce migration, which further affects property values. We show that under...

We show in a public goods experiment on three continents that conditional cooperation is a universal behavioral regularity. Yet, the number of conditional cooperators and the extent of conditional cooperation are much higher in the United States than anywhere else.

The role of improved schooling, a central part of most development strategies, has become controversial because expansion of school attainment has not guaranteed improved economic conditions. This paper reviews the role of cognitive skills in promoting economic well-being, with a particular...

Both theory and empirical evidence suggest that there is a lifecycle of educational finance in which the returns to educational investments tend to decrease with age. Returns tend to be highest for disadvantaged children in the early stages and for those who have already acquired high-quality...

Within the framework of principal-agent-models, central exit exams canbe modelled as measures of accountability which hold students andschools responsible for their educational achievements. Comprehensiveregression analyses on the basis of individual student data provided byfour international...

We provide evidence on the fit of the hybrid New Keynesian Phillips curve for selected Euro zone countries, the US and the UK. Instead of imposing rational expectations and estimating the Phillips curve by the Generalized Method of Moments, we use direct measures of inflation expectations from...