of education inequality measures across age groups allows us to assess the effect of inter-generational education …

We analyze the optimal life-cycle education decision of a single atomistic individual and show that the standard result … of part-time education and part-time work throughout the life-cycle holds only under very special and unrealistic … assumptions. Once these assumptions are relaxed, different education strategies become optimal. These range from switching back …

of Monetary Economics, 22(1):3-42], assuming that households optimally allocate consumption and education over the life … transformation allows us to rigorously prove the existence of a singular control describing the allocation of education time along a … equilibrium framework in which an agent always chooses part-time education and part-time work, in our framework such an agent …