Using data from a Canadian field experiment on the financial barriers to higher education, we estimate the distribution of the value of financial aid for prospective students, and relate it to parental socio-economic background, individual skills, risk and time preferences. Our results point out...

In this paper, we provide new evidence on the effect of part-time work on postsecondary educational attainment. To do so, we use samples extracted from the French Labor Force Surveys conducted over the years 1992-2002. These samples are restricted to students in initial education following...

In this paper we analyze career dynamics for the large share of U.S. workers who have more schooling than their peers in the same occupation. We use data from the NLSY79 combined with the CPS to analyze transitions into and out of overeducated employment, together with the corresponding effects...

In this paper we analyze career dynamics for the large share of U.S. workers who have more schooling than their peers in the same occupation. We use data from the NLSY79 combined with the CPS to analyze transitions into and out of overeducated employment, together with the corresponding effects...

Population aging is expected to exert extreme pressure on public budgets. This study investigates the effect of demographic aging on U.S. municipal budgets between 1970 and 2017 using data on municipal finances and mayors' characteristics. Aging increases appetite for consumption-oriented...

Do voters care about how a policy is funded? The Ricardian equivalence argues that people are indifferent about whether a policy is funded by debt or taxation because they internalize the future costs of debt repayment in their bequests. Using a novel dataset of 22,000 local referendums and two...