We consider a dynamic framework in which generations are linked by educational background. In particular, individuals differ in ability to benefit from education, parental education and appurtenance to a group (either a disadvantaged minority or a non-minority). The individual decision to...

We build on previous results to explore the effect of student mobility on university behaviour. Our results suggest that, if universities do not care for research, they do not react to increased competition when students are able to choose where to study. Further, neither do they react to the...

In this work we theoretically disentangle the effects of pension provisions on a variety of financial incentives to retirement, trying to reconcile them with some key Spanish retirement patterns. We find that the «average» individual, who is never affected by any cap of contributions or...