Does Higher Education Equalize Income Distribution?

How Does Monetary Policy Affect Household Income Distribution?

Over the last decades the research on monetary policy has largely concentrated on the impact of monetary authorities’ decisions on inflation and the fine-tuning of the macroeconomic, so that distributional effects of monetary policy which are non-trivial has been ignored. A view that has become increasingly popular since the financial crisis 2008 is that expansionary monetary policy can exacerb...

Higher Education Financing and Income Redistribution

This paper considers an optimal income tax cum higher education policy. It shows that in the presence of an optimal income tax system higher education should be taxed rather than subsidized. Furthermore, income taxes should become less progressive when an optimal higher education policy is introduced. JEL Classification: H21, I22. Berthold U. Wigger Department of Economics University of Mannhei...

American Higher Education and Income Inequality

Does Accessibility to Higher Education Matter?

This paper identifies pivotal factors behind individual decision-making in the transition from high school to post-secondary education in the Netherlands. We apply a multinomial logit framework to individual data on post-secondary education choices. Specifically, our modeling approach accommodates two types of effects that have not received ample attention in the literature. First, we include i...

Does Public Funding for Higher Education Matter?

Zhang is an assistant professor of higher education at the University of Minnesota and a faculty associate at the Cornell Higher Education Research Institute (CHERI). He thanks Ronald Ehrenberg for his insightful comments on an early draft of the paper. Of course, full responsibility rests with the author. 1 Abstract This study uses panel data to examine the direct link between state funding an...