Showing 1 - 10 of 12
The aim of this paper is to study the long-run effects of a longevity increase on individual decisions about education …
Persistent link: https://www.econbiz.de/10010531841
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. …
Persistent link: https://www.econbiz.de/10010261166
fertility. The model is a three-period CGE framework where the design of the education system and effects on factor prices are … optimal if the education system has a fixed benefit rate. This design of education and pension systems assures that …
Persistent link: https://www.econbiz.de/10010261351
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 …
Persistent link: https://www.econbiz.de/10010264226
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 …
Persistent link: https://www.econbiz.de/10010270495
work a child does, are private information, the second-best policy uses a combination of need and merit based education …
Persistent link: https://www.econbiz.de/10010270527
This paper examines the effect of taxes on the individuals? choices of educational direction, and thus on the economy's skill composition. A proportional labour income tax induces too many workers with high innate ability to choose an educational type with high consumption value and low effort...
Persistent link: https://www.econbiz.de/10010270561
How do population ageing shocks affect the long-run macroeconomic performance of an economy? To answer this question we build a general equilibrium overlapping generations model of a closed economy featuring endogenous factor prices. Finitely-lived individuals are endowed with perfect foresight...
Persistent link: https://www.econbiz.de/10010291543
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 …
Persistent link: https://www.econbiz.de/10010276619
We investigate the effect of education Conditional Cash Transfer programs (CCTs) on teenage pregnancy. Our main concern … education CCT that conditions renewal on school performance reduces teenage pregnancy; the program can increase teenage … teenage pregnancy of two education CCTs implemented in Bogotá (Subsidio Educativo, SE, and Familias en Acción, FA); both …
Persistent link: https://www.econbiz.de/10010277415