Optimal Accumulation in an Endogenous Growth Setting with Human Capital This paper considers a three-overlapping-generations model of endogenous growth wherein human capital is the engine of growth. It first contrasts the laissez-faire and the optimal solutions. Three possible accumulation regimes are distinguished. Then it discusses a standard set of tax-transfer instruments that allow for dec...

Head Start and the Distribution of Long Term Education and Labor Market Outcomes* In this paper we investigate the effect of Head Start on long term education and labor market outcomes using data from the NLSY79. The contributions to the existing literature on the effectiveness of Head Start are threefold: (1) we are the first to examine distributional effects of Head Start on long term outcome...

The Impact of ‘Equal Educational Opportunity’ Funds: A Regression Discontinuity Design Many countries provide extra resources to schools serving disadvantaged pupils. We exploit a discontinuity in the assignment of such personnel subsidies in Flanders to estimate the impact on cognitive outcomes via a regression discontinuity (RD) design. Because bias can be substantial in RD designs, we includ...

The paper studies the effects of cross-country differences in human capital formation on income distributions. Our overlapping generations economy has the following features: (1) consumers are heterogenous with respect to ability and parental human capital; (2) intergenerational transfers take place via parental education and, public investments in education Þnanced by taxes (possibly, with a l...

On Educational Performance Measures Quantitative school performance measures (QPMs) are playing an ever larger role in education systems on both sides of the Atlantic. In this paper we outline the rationale for the use of such measures in education, review the literature relating to several important problems associated with their use, and argue that they nonetheless have a positive role to pla...

We analyze some characteristics of the higher education system in Argentina regarding equity and efficiency. Individuals attending the university belong to the top deciles of the income distribution and to relatively highly educated families. Almost 90% of the students in tuition-free public universities have higher than median per capita family income and almost 50% attended tuition-financed p...

we study the effect of education and its expenditures, especially in higher education, on poverty and income inequality. using the keynesian approach it is shown that education, from the theoretical point of view, lowers poverty and income inequality level. in an empirical work we, used the data including 111 observations from 91 countries, with different human development levels, and concluded...

Institutional Effects in a Simple Model of Educational Production 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 chooses educational spending to maximi...

Public Education in an Integrated Europe: Studying to Migrate and Teaching to Stay? This paper analyzes public provision of internationally applicable and country-specific education, when job opportunities available to those with internationally applicable education are uncertain. Migration provides a market insurance in case labor market opportunities in the home country are poor. An increasin...

Brain Drain, Fiscal Competition, and Public Education Expenditure This paper uses a two-country model with integrated markets for high-skilled labor to analyze the opportunities and incentives for national governments to provide higher education. Countries can differ in productivity, and education is financed through a wage tax, so that brain drain affects the tax base and has agglomeration eff...