PhD Economics, University of Manchester, 1985 MA Economics, University of Manchester, 1980 (with Distinction) BA Economics and Econometrics, University of Manchester, 1979 (with Honors)
Costas is a Research Fellow of the Institute. He is also Professor of Economics at Yale University. His research interests are Econometrics, Public policy, Labor economics, Economics of education, Microeconometrics, Evaluation of public policy, Household behavior, Retirement and pensions, Income distribution, Consumption, Demand analysis, Investment and Development economics.
Education policy and intergenerational transfers in equilibrium
| Working Paper
This paper examines the equilibrium effects of alternative financial aid policies intended to promote college participation. We build an overlapping generations life-cycle, heterogeneous-agent, incomplete-markets model with education, labor supply, and consumption/saving decisions.