We compare the link between parents’ schooling and their children’s college-entrance test scores in Israeli kibbutzim (communal villages) and in the general population. Though kibbutzim are committed to an egalitarian ethos and provide all kibbutz children with similar need-based access to...

We examine the trade-offs implicit in academic admissions standards when students are charged cost-based tuition and offered loans that remove liquidity constraints. Lowering entry requirements while holding graduation requirements fixed increases aggregate output and promotes a more equal...

We use a calibrated macroeconomic model to examine the different effects of university tuition and student loan policies aimed at improving access to public higher education. Student loans that condition repayment on future income substantially improve access. The significant fiscal cost of such...

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A natural experiment in education on Israeli kibbutzim, where investment in human capital is equal for all children, allows us to differentiate between the effect on children's grades of genetics and home environment on the one hand and of material resources invested in education on the other...