This Paper studies the design of education policies in a setting of successive generations with heterogeneous … individuals (high and low earning ability). Parents’ investment in education is motivated by warm-glow altruism and determines the … probability that a child has high ability. Education policies consist of a subsidy on private educational investments and possibly …

the two separate margins of primary/secondary and tertiary education. Interestingly, the latter type of schooling proves …

This paper surveys the empirical literature on the growth effects of education and social capital. The main focus is on … clarify where empirical work on education using macro data may be relatively useful. It is argued that on balance, the recent … cross-country evidence points to productivity benefits of education that are at least as large as those identified by labour …

We examine the relationship between education and mortality in a young population of Italian males. In 1981 several …

, and higher-education reform in emerging market economies. …

can speak the same language. The value of trade increases in each participant's level of education. We compare a bilingual … education system, under which the individuals who take education become bilingual, with a unilingual system, under which the … optimal when education levels are centralized. In the decentralized equilibrium, individuals (i) vote over education systems …

data mostly contradict the traditional view that education was a leading source of the seismic social phenomenon of … fixed effects account for time-invariant unobserved heterogeneity, education – but not income or urbanization – is …

, education and labor market success. We conclude that there do not appear to be serious harmful health effects of moderate …