We illustrate a novel informational feature of education, which the government may utilize. Discretionary decisions of … individuals to acquire education may serve as an additional signal (to earned labor income) on the underlying unobserved innate … education, as a supplement to the labor income tax. …

This paper studies a two-region model in which unemployment, education decisions and interregional migration are … change reduces wages of the unskilled. Both education and migration decisions are distorted by a uniform unemployment …

Decisions concerning marriage, fertility, participation, and the education of children are explained using a two …, and (iv) length and effective enforcement of compulsory education. The predictions are consistent with two empirical … countries tend to get less education than boys of the same educational ability, and of why a substantial minority of women in …

women. Historically, women with more education have been the least likely to marry and have children, but this marriage gap … degree relative to women with fewer years of education. However, the patterns of, and reasons for, marriage have changed … marital patterns by education for men. …

This paper studies second best policies for education, saving, and labour in an OLG model in which endogenous growth … equilibria are inefficient. The inefficiency is exacerbated if selfish individuals externalize the positive effect of education … on descendents' productivity. It is shown to be second best to subsidize education even relative to the first best if the …

work a child does, are private information, the second-best policy uses a combination of need and merit based education …

The interaction between investment in children's education and parental fertility is crucial in recent theories of the … significant negative causal effect of education on fertility, which is robust to accounting for spatial autocorrelation. The … causal effect of education is identified through exogenous variation in enrollment rates due to differences in landownership …

It has been argued that increased life expectancy raises the rate of return on education, causing a rise in the … investment in education followed by an increase in lifetime labor supply. Empirical evidence of these relations is rather weak … dependence of hazard rates, which determine individuals' behavioral response w.r.t. education, work and age of retirement …