We study the optimal design of integrated education finance and tax systems. The
distribution of wages is endogenously determined by the costly education decisions of …

While influential, the canonical supply–demand model of the wage returns to skill has faced
challenges, including theoretically wrong-signed elasticities of substitution, counterintuitive …

This paper evaluates the role of rising income inequality in explaining observed growth in
college tuition. We develop a competitive model of the college market, in which college …

I study how the relative efficiency of high-and low-skill labor varies across countries. Using
microdata for countries at different stages of development, I document that differences in …

Актуальность темы исследования. Обозначенный в Доктрине продовольственной
безопасности России курс на самообеспеченность страны сельскохозяйственной …

Despite increases in the college earnings premium to persistently high levels, investment in
college education remains low. We can understand this apparent puzzle by considering the …

Going to college is a risky investment in human capital. However, we highlight two options
inherently embedded in college education that mitigate this risk:(i) college students can quit …

In a heterogeneous life cycle economy with human capital accumulation, the option to
discharge student loans under a liquidation regime helps alleviate some of the risk of …

We study the evolution of educational attainment of the 1932–1972 cohorts using a human
capital investment model with heterogeneous learning ability. Inter-cohort variation in …

The entry of married women into the labor force and the rise in women's relative wages are
amongst the most notable economic developments of the twentieth century. The growth in …