investment in public and private education for low-skilled workers …

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 …

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

The perpetual inventory method used for the construction of education data per country leads to systematic measurement … education level between census data and observations constructed from enrolment data. We discuss a methodology for correcting …

Protestant economic history of Becker and Woessmann (2009), where Protestantism first led to better education, which in turn … explanation, where a Protestant work ethic first led to industrialization which then increased the demand for education. …

economic institutions and quantitative measures of tertiary education cannot. Under the growth model estimates and plausible … evidence on which education policy reforms may be able to bring about the simulated improvements in educational outcomes. …

The interaction between investment in children's education and parental fertility is crucial in recent theories of the … significant negative causal effect of education on fertility, which is robust to accounting for spatial autocorrelation. The … causal effect of education is identified through exogenous variation in enrollment rates due to differences in landownership …