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Skill formation under incomplete information

Weinschenk, Philipp - 2010

We consider an economic model of child development with multiple stages. Due to incomplete information, parents are not able to tailor their investments to their child's type when the child is young. We show that incomplete information weakens the importance of early investments in children when...

Persistent link: https://www.econbiz.de/10010270436

Efficient subsidization of human capital accumulation with overlapping generations and endogenous growth

Richter, Wolfram F.; Braun, Christoph - 2010

This paper studies second best policies for education, saving, and labour in an OLG model in which endogenous growth … equilibria are inefficient. The inefficiency is exacerbated if selfish individuals externalize the positive effect of education … on descendents' productivity. It is shown to be second best to subsidize education even relative to the first best if the …

Persistent link: https://www.econbiz.de/10010270495

How to deal with covert child labour, and give children an effective education, in a poor developing country: An optimal taxation problem with moral hazard

Cigno, Alessandro - 2010

work a child does, are private information, the second-best policy uses a combination of need and merit based education …

Persistent link: https://www.econbiz.de/10010270527

Tax effects, search unemployment, and the choice of educational type

Alstadsæter, Annette; Kolm, Ann-Sofie; Larsen, Birthe - 2005

This paper examines the effect of taxes on the individuals? choices of educational direction, and thus on the economy's skill composition. A proportional labour income tax induces too many workers with high innate ability to choose an educational type with high consumption value and low effort...

Persistent link: https://www.econbiz.de/10010270561

Food price inflation and children's schooling

Grimm, Michael - 2008

larger than a simple OLS regression would suggest. Hence, policies to expand education in Sub-Saharan Africa, should not …

Persistent link: https://www.econbiz.de/10010271077

Literacy traps: Society-wide education and individual skill premia

Atal, Vidya; Basu, Kaushik; Gray, John; Lee, Travis - 2009

Using a model of O-ring production function, the paper demonstrates how certain communities can get caught in a low-literacy trap in which each individual finds it not worthwhile investing in higher skills because others are not high-skilled. The model sheds light on educational policy. It is...

Persistent link: https://www.econbiz.de/10010271225

Understanding compulsory schooling legislation: a formal model and implications for empirical analysis

Gradstein, Mark; Justman, Moshe - 2009

We construct a simple model of compulsory schooling in which legislation and compliance are endogenously determined by individuals disciplined by social norms, optimizing their voting decisions and the school attendance of their children. The model provides a formal framework for interpreting...

Persistent link: https://www.econbiz.de/10010271270

Immigration background and the intergenerational correlation in education

Cobb-Clark, Deborah A.; Nguyen, Trong-Ha - 2010

This paper analyzes the degree of intergenerational education mobility among immigrant and native-born youth in … and is somewhat greater for NESB families. Finally, the greater importance that NESB mothers attribute to education …

Persistent link: https://www.econbiz.de/10010271389

Schooling and the AFQT : Evidence from School Entry Laws

Cascio, Elizabeth U.; Lewis, Ethan - 2005

Is the Armed Forces Qualifying Test (AFQT) a measure of achievement or ability? The answer to this question is critical for drawing inferences from studies in which it is employed. In this paper, we test for a relationship between schooling and AFQT performance in the NLSY 79 by comparing...

Persistent link: https://www.econbiz.de/10010271937

Intergenerational education mobility among the children of Canadian immigrants

Aydemir, Abdurrahman; Chen, Wen-Hao; Corak, Miles - 2008

We analyze the intergenerational education mobility of Canadian men and women born to immigrants. A detailed portrait … education has not changed across the birth cohorts of the post-war period. …

Persistent link: https://www.econbiz.de/10010272031