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Title: Essays on Economics of Inequality
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1. Hadavand, Aboozar
Essays on Economics of Inequality
Ph.D. Dissertation, Department of Economics, City University of New York, 2017
Cohort(s): NLSY97
Publisher: ProQuest Dissertations & Theses (PQDT)
Keyword(s): Armed Services Vocational Aptitude Battery (ASVAB); Cognitive Ability; Educational Attainment; Financial Assistance; Wage Gap

Permission to reprint the abstract has not been received from the publisher.

In the third chapter, using model in which the assignment of skills to tasks is determined by relative productivities and are endogenously determined by ability, access to higher education, and technology, I find the effect of different educational aid schemes (including need-based aid, merit-based aid, or a combination of the two) on the distribution of wages. I calibrate the model using NLSY97 data and find that in general, determining what policy minimizes inequality depends on the elasticities of demand for higher education of each ability/human capital group, the labor shares of each group, and the share of resources devoted to each group. Given the model parameters, both merit-based and need-based policies are preferred to a policy based on both merit and need. Moreover, under the model parameters, a need-based policy reduces wage inequality more than a merit-based policy.
Bibliography Citation
Hadavand, Aboozar. Essays on Economics of Inequality. Ph.D. Dissertation, Department of Economics, City University of New York, 2017.