We study the optimal design of student financial aid as a function of parental income. We derive optimal financial aid formulas in a general model. For a simple model version, we derive mild conditions on primitives under which poorer students receive more aid even without distributional...

In this paper, we examine the consequences of imperfect information on the pattern of transfers from parents to children. Drawing on the theory of mechanism design, we consider a model of family contract with two levels of effort. We prove that equal transfers among children are expected under...

In 2000, Thomas, Wang, and Fan published a paper calling for the application of the Gini coefficient to educational attainment. The idea was to treat educational attainment as a wealth stock, and to calculate Gini coefficients for, say, years of attainment, as a way to see trends within...

In 2000, Thomas, Wang, and Fan published a paper calling for the application of the Gini coefficient to educational attainment. The idea was to treat educational attainment as a wealth stock, and to calculate Gini coefficients for, say, years of attainment, as a way to see trends within...

In 2000, Thomas, Wang, and Fan published a paper calling for the application of the Gini coefficient to educational attainment. The idea was to treat educational attainment as a wealth stock, and to calculate Gini coefficients for, say, years of attainment, as a way to see trends within...

We investigate the balanced growth effects of pension plans on the rate of growth and on equalityin a closed economy where individual decisions about education are the engine of growth. We distinguish between pay-as-you-go and fully-funded pension systems and differentiate between three...

This paper develops a simple model of human capital accumulation and community formation by heterogeneous families, which provides an integrated framework for analysing the local determinants of inequality and growth. Five main conclusions emerge. First, minor differences in education...

This paper seeks to explain the significant variations in the social contract observed across nations. It shows how countries with similar technologies and preferences, as well as equally democratic political systems, can sustain very different average and marginal tax rates. Similarly, it...

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...

In this article, we analyze the redistributive impact of a recent reform of tuition fees in Quebec. We adapt Duclos, Makdissi and Wodon's (2005) methodology to a Generalized Lorenz framework. Many policy analysts argued that maintaining low higher education tuition fees is regressive. We take a...