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Research " FOUR ESSAYS ON THE ECONOMICS OF EDUCATION "

FOUR ESSAYS ON THE ECONOMICS OF EDUCATION Note that Theorem 2 does not rule out equilibria in which some families live in lower-μ than do some higher-income families. I refer to these as unsorted (or imperfectly sorted) equilibria. They arise when the peer group advantage of high-income communities over low-income communities is large enough to overcome deficits in school effectiveness.28 For fixed income and effectiveness distributions, unsorted equilibria become harder to maintain as the weight that families place on peer group relative to school quality falls:. | FOUR ESSAYS ON THE ECONOMICS OF EDUCATION Melissa A. Clark A DISSERTATION PRESENTED TO THE FACULTY OF PRINCETON UNIVERSITY IN CANDIDACY FOR THE DEGREE OF DOCTOR OF PHILOSOPHY RECOMMENDED FOR ACCEPTANCE BY THE DEPARTMENT OF ECONOMICS NOVEMBER 2003 UMI Number 3103018 _ __ UMI UMI Microform 3103018 Copyright 2003 by ProQuest Information and Learning Company. All rights reserved. This microform edition is protected against unauthorized copying under Title 17 United States Code. ProQuest Information and Learning Company 300 North Zeeb Road P.O. Box 1346 Ann Arbor Ml 48106-1346 Copyright by Melissa A. Clark 2003. All rights .