How Responsive Is Investment in Schooling to Changes in Redistributive Policies and in Returns?
利用以色列基布兹从平均分配转向按劳分配的改革，发现较早改革的基布兹学生更愿意投资高中和高等教育，且改革力度越大效果越明显，表明教育投资对再分配政策变化高度敏感。
This paper uses an unusual pay reform to test the responsiveness of investment in schooling to changes in redistribution schemes that increase the rate of return to education. We exploit an episode where different Israeli kibbutzim shifted from equal sharing to productivity-based wages in different years and find that students in kibbutzim that reformed earlier invested more in high school education and, in the long run, also in post-secondary schooling. We further show that the effect is mainly driven by students in kibbutzim that reformed to a larger degree. Our findings support the prediction that education is highly responsive to changes in the redistribution policy.