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Optimal Higher Education Enrollment and Productivity Externalities in a Two-Sector Model

Meier, Volker; Schiopu, Ioana Cosmina - CESifo - 2012

We investigate externalities in higher education enrollment over the course of development in a two-sector model. Each …

Persistent link: https://www.econbiz.de/10010559787

Introducing Time-to-Educate in a Job Search Model

Becker, Sascha O. - CESifo - 2005

Transition patterns from school to work differ considerably across OECD countries. Some countries exhibit high youth unemployment rates, which can be considered an indicator of the difficulty facing young people trying to integrate into the labor market. At the same time, education is a...

Persistent link: https://www.econbiz.de/10005094402

Does the John Bates Clark Medal Boost Subsequent Productivity and Citation Success?

Chan, Ho Fai; Frey, Bruno S.; Gallus, Jana; Torgler, Benno - CESifo - 2013

Despite the social importance of awards, they have been largely disregarded by academic research in economics. This paper investigates whether a specific, yet important, award in economics, the John Bates Clark Medal, raises recipients’ subsequent research activity and status compared to a...

Persistent link: https://www.econbiz.de/10010877716

Real Options and Human Capital Investment

Jacobs, Bas - CESifo - 2007

This paper extends the standard human capital model with real options. Real options influence investment behavior when risky investments in human capital are irreversible and individuals can affect the timing of the investment. Option values make individuals more reluctant to invest in human...

Persistent link: https://www.econbiz.de/10005405834

Financing Bologna, the Internationally Mobile Students in European Higher Education

Gérard, Marcel - CESifo - 2008

Despite the importance of the Bologna process for the mobility of students, and the further mobility of graduates, as … mobile students, so that the burden of that financing, usually public, is supported by the host country. Moreover in- and … outflows of students show imbalances and such imbalances are expected to increase with mobility. Therefore, we first suggest …

Persistent link: https://www.econbiz.de/10005405967

Private Investment in Higher Education: Comparing Alternative Funding Schemes

Eckwert, Bernhard; Zilcha, Itzhak - CESifo - 2008

This paper uses an overlapping generations framework to analyze the implications of different financing regimes in the education sector for human capital formation and economic welfare. Agents privately invest in education after they have received a noisy information signal about their...

Persistent link: https://www.econbiz.de/10005405995

The Evolution of Public Spending on Higher Education in a Democracy

Haupt, Alexander - CESifo - 2005

This paper analyses political forces that cause an initial expansion of public spending on higher education and an ensuing decline in subsidies. Growing public expenditures increase the future size of the higher income class and thus boost future demand for education. This demand shift implies...

Persistent link: https://www.econbiz.de/10005406330

Music in the Air: Estimating the Social Return to Cultural Amenities

Falck, Oliver; Fritsch, Michael; Heblich, Stephan; … - CESifo - 2015

If being around smart people makes us smarter and more productive, what can regions do to attract smart people? This paper considers endogenous cultural amenities as a location factor for high-skilled workers. To overcome selection in the provision of cultural amenities, we exploit the variation...

Persistent link: https://www.econbiz.de/10011155376

Student Loans and the Allocation of Graduate Jobs

Cigno, Alessandro; Luporini, Annalisa - CESifo - 2015

Higher education is not just a signal of innate ability. At least a certain level of educational achievement (degree level, degree mark) is strictly required to perform a graduate job. School leavers fall into two categories, the rich and the poor. Ability is distributed in the same way in both...

Persistent link: https://www.econbiz.de/10011194241

Financing Higher Education in a Mobile World

Demange, Gabrielle; Fenge, Robert; Uebelmesser, Silke - CESifo - 2012

. When only skilled workers are mobile, there is a sub-optimal shift from taxes to fees and the number of students is too low …. When also students can migrate, there is a countervailing force such that maintaining the optimal financial mix becomes …

Persistent link: https://www.econbiz.de/10010877978