This paper considers education investment and public education subsidies in closed and open economies with an … extortionary government. The extortionary government in a closed economy has incentives to subsidize education in order to overcome … their education policies if highly productive labor is fully mobile. Extortionary governments? incentives for education …

This paper considers education investment and public education policy in closed and open economies with an extortionary … government. The extortionary government in a closed economy chooses an education policy in order to overcome a hold-up problem of … time-consistent taxation similar to benevolent governments. The two types of government differ in their education policies …

This paper considers education investment and public education subsidies in closed and open economies with an … extortionary government. The extortionary government in a closed economy has incentives to subsidize education in order to overcome … their education policies if highly productive labor is fully mobile. Extortionary governments' incentives for education …

The standard summary metric of education-based human capital used in macro analyses-the average number of years of …) its virtues of simplicity and transparency make it a good candidate summary measure of education …

. Limited resources mean that policymakers must make tough choices about which investments to make to improve education …. Although hundreds of education interventions have been rigorously evaluated, making comparisons between the results is … for reporting gains from education interventions. The paper applies LAYS to compare the effectiveness (and cost …

either a concept-based, general' education or a skill-specific, vocational' education. General education is more costly to … policies favor vocational education will grow slower in equilibrium than one that favors general education. Moreover, the gap … education subsidy policy we demonstrate that the optimal subsidy for general education increases with the growth rate of …