Education Policy and Intergenerational Transfers in Equilibrium

This paper was originally circulated under the title Equilibrium Effects of Education Policies: A Quantitative Evaluation. We are grateful to six anonymous referees and the editor J. J. Heckman for helpful comments and guidance. We received valuable feedback from numerous individuals and participants at conferences and seminars. We are grateful to Chris Tonetti and Emily Nix for excellent research assistance at an early stage of this project. Costas Meghir thanks the ESRC for funding under the Professorial Fellowship RES-051-27-0204, the Cowles Foundation and the ISPS at Yale. Abbott and Gallipoli acknowledge financial support from the CLSRN and the SSHRC in Canada. We alone are responsible for all errors and interpretations. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

• March 21, 2016
• February 7, 2013
• July 3, 2018