Many empirical works suggest that education has a positive effect on earnings not only because it raises human capital … role could have important consequences on the dynamics of education, wages, and wage distribution when there exist … intergenerational linkages in educational decisions. This paper examines the dynamic effects in an economy where education has the dual …

weakening of these factors over time. Policies are necessary to improve equality of opportunity in education in Turkey. …

care provided to their parents and education expenditures for their children. The young enjoy their education, while the … period and that parents invest in the education of their children. We show that Becker’s rotten kids theorem holds for the … single period game in that informal aid is set according to an efficient rule. However, education is distorted upwards. In …