Most education around the globe is public. Moreover, investment rates in education as well as schooling attainments differ substantially across countries. We construct a general equilibrium life-cycle model that is consistent with these facts. We provide simple analytical solutions for the...

Gender disparities in education raise many questions for governments and civil societies. There are many factors that contribute to the gender gap in education. In Eritrea, gender disparities persist in the enrolment rates between boys and girls at all levels. Gender inequality has become a...

Given that a significant proportion of the Chilean education system is financed with household resources, we present human capital contracts (HCC) as an option for higher education financing for students facing financial constraints, but who could use their expected future income flows as...

This paper uses staggered bank branching deregulation across states in the United States to examine the impact of the resulting increase in the supply of credit on college enrollment from the 70s to early 90s. A significant advantage of our research design is that it produces estimates that are...

“We risk having a generation that hasn’t held a job. Personal dignity comes from working [.] Young people are in a crisis". Pope Francis - July the 22nd, 2013. Youth unemployment is a critical issue across the European Union with 5.5 million people unemployed among the 18-24 years age group...

This paper studies the short and long-term effects of exposure to Bono de Desarrollo Humano (BDH), the main unconditional cash transfer program in Ecuador, on young people’s education and labor market outcomes. Using individual administrative panel data and a regression discontinuity design, I...

This study provides a systematic review of the few existing studies on the impact of public tertiary education spending on tertiary enrollment. It identifies several shortcomings in this literature and reexamines this impact while addressing the identified shortcomings, which include: (i) using...

The literature on the empirical link between public spending and school outcomes has yielded mixed and largely debated results. Given the current education landscape, where enrolment has improved considerably, it is crucial to reexamine how public spending impacts school performance across...

This paper delves into the effects of public investment on primary school enrollment in low- and lower-middle-income countries (LMICs) over three decades, from 1990 to 2020. Autoregressive distributed lag models are employed to evaluate the long-term influence of public spending on enrollment...

I study the key role of information in private higher-education funding. Students receive a signal about their individual skills, and then choose a portfolio of loans. I find that information is harmful, whereas noisier (less informative) signals improve the social welfare.