Education Decisions and Policy Interventions : A General Equilibrium Evaluation

  title={Education Decisions and Policy Interventions : A General Equilibrium Evaluation},
  author={Giovanni Gallipoli and Costas Meghir},
This paper examines the effects of alternative policies on the distribution of education in both partial and general equilibrium. We build a life-cycle model with endogenous labor supply, consumption/saving, and education choices, allowing for agents’ heterogeneity in several dimensions and for incomplete insurance markets. PSID data are used to estimate relevant characteristics of education-specific dynamic earnings processes. Through numerical simulations, we compare the effects of… CONTINUE READING


Publications referenced by this paper.
Showing 1-10 of 21 references

The Labor Supply Response To (Mismeasured but) Predictable Wage Changes,

E. French
Mimeo, Federal Reserve Bank of Chicago • 2000
View 4 Excerpts
Highly Influenced

Counterfactual Analysis of Inequality and Social Mobility,

F. Cunha, J. Heckman, S. Navarro
View 5 Excerpts
Highly Influenced

Wage Inequality and Education Policy with Skill-biased Technological Change in OG Setting,

A. Abraham
Ph.D. thesis, • 2001
View 4 Excerpts
Highly Influenced

Taxation, Human Capital and Uncertainty,

J. Eaton, H. S. Rosen
American Economic Review, • 1980
View 4 Excerpts
Highly Influenced

The Production of Human Capital and the Life Cycle of Earnings,

Y. Ben-Porath
Journal of Political Economy, • 1967
View 4 Excerpts
Highly Influenced

Human Capital Policy,

J. Heckman, P. Carneiro
NBER Working Paper, • 2003
View 1 Excerpt

Consumption and Risk

K. North Holland. Storesletten, C. Telmer, A. Yaron
View 1 Excerpt

Rising U.S. Earnings Inequality and Family Labor Supply: the Covariance Structure of Intrafamily Earnings,

D. Hyslop
American Economic Review, • 2001
View 2 Excerpts

Using Earnings Data from the Monthly Current Population Survey,

A. E. Polivka
mimeo, Bureau of Labor Statistics • 2000
View 1 Excerpt

Similar Papers

Loading similar papers…