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국회도서관 홈으로 정보검색 소장정보 검색

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동의어 포함

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Title page

Contents

Abstract 3

1. Introduction 4

1.1. Related Literature 9

2. Institutional Context 11

3. Model 16

3.1. Human Capital Development 18

3.2. Recursive Decision Problems 22

3.3. Government 27

3.4. Equilibrium 27

3.5. Sources of Ineffciency 28

4. Calibration 29

4.1. Preferences 29

4.2. Adult Human Capital 30

4.3. Child Human Capital Development 34

4.4. Model Fit 38

5. Policy Experiments 40

5.1. Effects of Policy on the Treated 46

5.2. Unexpected versus Expected Policies 49

5.3. General Equilibrium Effects 53

5.4. Discussion 55

6. Conclusion 59

References 61

Appendix A. Data 65

Appendix B. Computation 67

Appendix C. Additional Figures and Tables 69

Tables

Table 1. Estimated Tax Function Parameters 31

Table 2. Effect of School Quality on Human Capital Growth 39

Table 3. Externally Calibrated Parameters 41

Table 4. Internally Calibrated Parameters 43

Table 5. Model Fit 44

Table 6. Treatment Effects by Ability and Education Level 50

Table 7. Effect of Policies on Population 56

Figures

Figure 1. Chicago Elementary School Zones 14

Figure 2. New York City Elementary School Zones 15

Figure 3. Lifecycle Timeline 17

Figure 4. Share of Students Attending a K-12 Quality by Parental Income Ranks 42

Figure 5. Share of Students Attending a College Quality by Parental Income Ranks 42

Figure 6. Expected versus Unexpected Policies 52

Figure 7. Income Sorting for High-Quality Elementary School, by Counterfactuals 57

Figure 8. Income Sorting for High-Quality College, by Counterfactuals 57

Appendix Tables

Table A.1. PSID Sample Summary Statistics 66

Table C.1. Treatment Effects by Parental Income 69