We develop a theory of educational quality to study how quality could account for schooling decisions regarding higher education (secondary and above), and how the distribution of educational attainment and educational quality differ with the level of development. In a general equilibrium closed...

In this paper, we first use household survey data to documents facts on the heterogeneity and life-cycle dynamics of labor supply across many European countries and the U.S. We also document a substantial variation in the out-of-pocket medical expenses faced by individuals across countries. We...