An economic rationale for public education : the value of commitment

Mark Gradstein

This paper offers an explanation for the widespread phenomenon of uniform public schooling, which is viewed here as a way for the government to precommit itself to restraints on future income redistribution. Such precommitment is likely to enhance accumulation of human capital, to bolster economic growth, and, under certain circumstances, to constitute a preferred choice for a majority of voters.

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Year of publication:	1999
Authors:	Grâdšṭayn, Marq
Publisher:	Munich : Univ., Center for Economic Studies
Subject:	Theorie \| Theory \| Bildungspolitik \| Education policy \| Bildungsinvestition \| Human capital investment \| Allgemeinbildende Schule \| School of general education \| Umverteilung \| Redistribution

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Extent:	18 S
Series:	CESifo working papers : the international platform of Ludwig-Maximilians University's Center for Economic Studies and the Ifo Institute. - Munich : CESifo, ISSN 1617-9595, ZDB-ID 2023380-2. - Vol. 209
Type of publication:	Book / Working Paper
Language:	English
Notes:	Literaturverz. S. 16 - 17 Auch im Internet unter der Adresse ftp://129.187.96.124/CESifo_WP/209.pdf verfügbar
Source:	ECONIS - Online Catalogue of the ZBW

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