This paper investigates the short-term effects of a reduction in the length of high school on students' personality traits using a school reform carried out at the state level in Germany as a quasi-natural experiment. Starting in 2001, academic-track high school (Gymnasium) was reduced from nine...

I study the size and sources of the monetary return to college achievement as measured by cumulative Grade Point Average (GPA). I first present evidence that the return to achievement is large and statistically significant. I find, however, that this masks variation in the return across...

Does limited access to credit explain some of the gap in schooling attainment between children from richer and poorer families? I present new evidence on this important question using data from two loan programs for college students in Chile. Both programs offer loans to students who score above...

Taxation changes the expectations of prospective university students about their future level and uncertainty of after-tax income. To estimate the impact of taxes on university enrollment, we develop and estimate a structural microeconometric model, in which a high-school graduate decides to...

In Germany, researchers dealing with questions of empirical educational research rely mainly on cross-sectional data. In addition, there are region- and group-specific longitudinal studies. This paper demonstrates the possibilities for using educationally relevant information from long-running...

Das Sozio-oekonomische Panel (SOEP) ist als multidisziplinäres Haushaltspanel, das Informationen zu allen Personen, die in einem Panel-Haushalt leben, erhebt und damit alle Altersjahrgänge abdeckt, nach 25 Jahren Laufzeit auch zu einer Kohorten- Studie geworden. Der zunehmende Erfolg der...

This paper studies the long-run macroeconomic, distributional and welfare effects of tuition policy and student loans. We therefore form a rich model of risky human capital investment based on the seminal work of Heckman, Lochner and Taber (1998). We extend their original model by variable labor...

Since the beginning of the twentieth century, the education system in Peru has known a considerable development. This suggests that in all probabilities opportunities for study should be on a more equal basis. In the present article, I set out to discover whether all social groups have really...

Le développement considérable de l’enseignement qui caractérise le Pérou depuis le début du 20ème siècle suggère que l’accès à l’éducation scolaire est devenu plus égalitaire. Dans cet article, on cherche à savoir si réellement le développement a profité à tous de la même...

Cet article défend l'idée selon laquelle une scolarisation minimale obligatoire peut constituer un complément efficace à une taxe qui financerait l'éducation en présence d'évasion fiscale. Nous construisons un modèle à générations d'agents dans lequel deux régimes d'éducation sont...