The paper presents a model of educational production which tries to make sense of recent evidence on effects of institutional arrangements on student performance. In a simple principal-agent framework, students choose their learning effort to maximize their net benefits, while the government...

The paper presents a model of educational production which tries to make sense of recent evidence on effects of institutional arrangements on student performance. In a simple principal-agent framework, students choose their learning effort to maximize their net benefits, while the government...

The paper presents a model of educational production which tries to make sense of recent evidence on effects of institutional arrangements on student performance. In a simple principal-agent framework, students choose their learning effort to maximize their net benefits, while the government...

The paper presents a model of educational production which tries to make sense of recent evidence on effects of institutional arrangements on student performance. In a simple principal-agent framework, students choose their learning effort to maximize their net benefits, while the government...

This paper presents the result of a field experiment on the effectiveness of non-monetary incentives on pupils' achievement on a mathematical multiple choice test. Our sample consists of 2113 pupils of deprived and high-achieving secondary schools in Germany. Based on a pre-study, we compare the...

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...

There is an identifiable and distinct body of law and administrative regulations on state enterprise governance, anticorruption and public sector ethics emerging in the Commonwealth Caribbean. The law and administrative structures are still developing but they are sufficiently well developed to...

Both the Fed's defenders and critics focus on macroeconomic questions. What is the correct monetary policy? Does the economy need an “activist” Fed? Should the central bank intervene to reduce unemployment, or focus on keeping prices stable? Should the Fed target interest rates or nominal...

State capacity is optimized when public institutions are staffed by individuals with public-service motivation. However, when motivated agents value the collective reputation of their place of employment, steady-state equilibria with both high and low aggregate motivation (reputation) in the...