average level of schooling in developing countries. This paper introduces educational subsidies determined by governments … can benefit from skilled emigration when educational subsidies entail high .fiscal distortions. However when taxes are not … too distortionary, it is desirable to impede emigration and subsidize education. The authors investigate the empirical …

average level of schooling in developing countries. This paper introduces educational subsidies determined by governments … can benefit from skilled emigration when educational subsidies entail high .fiscal distortions. However when taxes are not … too distortionary, it is desirable to impede emigration and subsidize education. The authors investigate the empirical …

average level of schooling in developing countries. This paper introduces educational subsidies determined by governments … can benefit from skilled emigration when educational subsidies entail high .fiscal distortions. However when taxes are not … too distortionary, it is desirable to impede emigration and subsidize education. The authors investigate the empirical …

social welfare under different education systems. We establish an overlapping-generations model in which the allocation of … suggests that under the private education system, income inequality is inversely associated with social mobility, and the … conditions. Moreover, if some parents are myopic, public education may yield the highest welfare. …