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Public education expenditures, taxation, and growth: Linking data to theory.

Allocating government education expenditures across K-12 and college education.

How different is the cyclical behavior of home production across countries?

Labor market trends with balanced growth.

A simple economic theory of skill accumulation and schooling decisions.

Public schooling, college subsidies and growth.

Public education expenditures and growth.

School finance litigation, tax and expenditure limitations, and education spending: an empirical analysis.

The interrelatedness of tax and expenditure limitations and education finance reform.

The welfare implications of factor taxation with rising wage inequality.

Can real world interest rates explain business cycles in small open economies?

A welfare analysis of policy responses to the skilled wage premium.

 

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A welfare analysis of policy responses to the skilled wage premium.

Review of Economic Dynamics, October 1999, Vol.2, pp. 820-849.

Abstract: I build a model with heterogeneous agents which is consistent both with rising wage inequality across education levels and with an increasing relative number of college graduates. I use the model to investigate the welfare implications of policies which influence the structure of net wages. Each policy affects agents directly through taxes and subsides and indirectly as wages respond to changes in the relative supply of skilled and unskilled workers. I find that as wage inequality grows due to skill-biased technological change, policies which promote a more egalitarian wage structure can become increasingly acceptable to all agents and that for nearly all agents, education subsidies may be preferred to direct transfers as a means of decreasing wage inequality.