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This paper provides a consistent comparison of general tuition subsidies, need-based student aid, merit-based student aid, and income continent loans (ICL). Each of these policies is analyzed through a dynamic general equilibrium model in which individuals differ in family wealth and...
Persistent link: https://www.econbiz.de/10015241412
We provide a measure of equality of educational opportunity in 54 countries, estimated as the effect of family background on student performance in two international TIMSS tests. We then show how organizational features of the education system affect equality of educational opportunity. Our...
Persistent link: https://www.econbiz.de/10009471800
Max Weber attributed the higher economic prosperity of Protestant regions to aProtestant work ethic. We provide an alternative theory: Protestant economiesprospered because instruction in reading the Bible generated the human capital crucial to economic prosperity. We test the theory using...
Persistent link: https://www.econbiz.de/10009465973