The paper addresses the two-fold rise in teacher–student ratio in the American K-12 school system in the post-World War II period accompanied by the evidence of a decline in the relative quality of teachers. We develop a dynamic general equilibrium framework for analyzing the teacher...

We study the dynamics of the quantity and quality of teachers in the framework of dynamic general equilibrium OLG model. The quantity and quality are jointly set by a government agency wishing to maximize the quality of basic education per student while being bound by teachers’ collective...

I study a model where Information Technology, while typically increasing overall inequality, is likely to harm some people at intermediate and high levels of the distribution of income but to benefit people at the bottom. Within a given occupation it may harm some workers while benefitting...

In recent decades there has been increasing attention for Chinese economic development. There has been a big debate though if its growth is caused by capital accumulation (perspiration factors) or driven by Total Factor Productivity (TFP) growth (inspiration factors). The difference between both...

The study examines the dependence between education and economic growth. Based on the neoclassic model of growth a theoretic dependence between human capital and GDP is drawn. The effect of public expenditure for education on growth in EU countries is studied. The econometric analysis shows that...

This note aims to provide a theoretical framework to think of the youthunemployment problem and a classification of EU countries according to the way they address it.The key factor to explain youth unemployment is what we call the youth experience gap. To helpyoung people fill it in and ease...

Empirical evidence suggests that parents with higher levels of education generally also attach a higher importance to the education of their children. This implies an intergenerational chain transmitting the attitude towards the formation of human capital from one generation to the next. We...

We analyse the evolution of Private Consumption on two special groups of expenditure: Health, and Education and Culture, having into account that there are some substitution effects between public and private expenditure on both groups. The comparison is made with data of real private...

(english) This paper presents a survey of the large empirical literature in economics that has sought to examine the relationship between educational expenditures and outcomes in both developed and developing countries. The main feature of this literature is the remarkable lack of consensus...

Public education is one of the largest components of the public sector in Colombia, in term of its size, share of public expenditures, and geographic coverage. In 1997, Colombia had 85 thousand educational establishments, 390 thousand teachers, and 8.6 million students. In addition, public...