We illustrate a novel informational feature of education, which the government may utilize. Discretionary decisions of … individuals to acquire education may serve as an additional signal (to earned labor income) on the underlying unobserved innate … education, as a supplement to the labor income tax. …

Altruistic parents may transfer resources to their offspring by providing education, and by leaving bequests. We show … with only intended bequests, by enhancing incentives of parents to invest in their children's education. This result holds …

fertility. The model is a three-period CGE framework where the design of the education system and effects on factor prices are … optimal if the education system has a fixed benefit rate. This design of education and pension systems assures that …

market. At the same time, education is a time-consuming process, and enrolment and dropout decisions depend on expected … in finding a job. Standard models of job search and education assume that skills can be upgraded instantaneously (and … mostly in the form of on-the-job training) at a fixed cost. This paper models education as a time-consuming process, a …

the rise in education investment in France and the USA. We use a computable general equilibrium model with overlapping … generations of individuals, and endogenous education decisions. Human capital is made of two substitutable components, experience … and education, both of them evolve endogenously over time. We calibrate this model on the post-war period and run …