threshold, to estimate causal returns to college education quality. I use a newly constructed dataset, which combines individual …

-cycle model, we determine that taxes and transfers offset 45% of lifetime earnings inequality attributed to differences in … productive abilities and education. Additionally, the system insures against 48% of lifetime earnings risk. Implementing a …

overinvest in education, whereas worker mobility generates a free-rider effect for governments, who are not willing to subsidize … the education of agents who will work abroad. At equilibrium, the free-rider effect always dominates the competition …

. This pattern shows clear political alternatives in education policy across the German states: the political left classifies …

education systems that are partly tax-funded, a country’s labor force might not be willing to subsidize the education of foreign … mobility affects the governmental decision about the financial regime of higher education based on aggregated data of 22 OECD … financing share of higher education funding depends on a country’s tax revenue, its GDP and the share of students enrolled in …

schooling and of the effect of public policies on private incentives to invest in education. This framework is applied to 14 … additional year of schooling for an individual of average attainment, taking into account the effects of education on wages and … education, and measures of the fiscal returns to schooling that capture the long-term effects of a marginal increase in …

Inequalities do not end once students enter higher education. Yet, the majority of papers on the effectiveness of … education aid examine its impact on college enrollment. In this paper, we provide evidence on the causal impact of means …