the first place. However, it induces the host country to improve its education quality, as a larger share of the generated … benefits accrue in this host country. A higher education quality raises in turn the human capital of the returning students. As …

We consider a small open economy in which the level of public education funding is determined by popular vote. We show … externalities of public education due to the positive effect of higher future labor productivity on their pension benefits. The … majority support for education funding will be especially strong when the PAYG benefit formula is flat, i.e. progressively …

The mobility of labor reduces national incentives to invest in internationally applicable education. The European Union … Leviathan governments, graduate taxes or income-contingent loans could be based on voluntary contracts. Education would then be …

children invest in post-compulsory education, subject to an endogenous credit constraint, and taking policy as given. There are … two policy tools: a subsidy to those who participate in education and a proportional income tax. Not all children … support a reduction, while the “middle-class” supports an expansion, of the education subsidy. Public support of education is …

vote first on labour market integration and afterwards on education policy. The institutional decision on integration … influences the succeeding education policy. More surprisingly, the prospect of voting on education policy also affects the … their preferred education policy is more successful at the polls. We show how a ‘joint’ analysis of the institutional and …

Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second … arbitrary utility and learning functions. Efficient incentives for education and saving are analysed under conditions of second … and third best. It is argued that efficient tax policy should care more about incentives for education than for saving. …