Income Distribution, Communities, and the Quality of Public Education.
This paper develops a multicommunity model and analyzes policies that affect spending on public education and its distribution across communities. The authors find that policies that on net increase the fraction of the (relatively) wealthiest residents in the poorest community are welfare enhancing; policies that decrease this fraction can make all worse off. Appropriately financed policies to redistribute income toward the poorest, increase spending on education in the poorest community, and make the poorest community more attractive to relatively wealthier individuals produce chain reactions in which the quality of education increases and tax rates fall in all communities. Copyright 1996, the President and Fellows of Harvard College and the Massachusetts Institute of Technology.
Year of publication: |
1996
|
---|---|
Authors: | Fernandez, Raquel ; Rogerson, Richard |
Published in: |
The Quarterly Journal of Economics. - MIT Press. - Vol. 111.1996, 1, p. 135-64
|
Publisher: |
MIT Press |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Equity and Resources: An Analysis of Education Finance Systems
Fernandez, Raquel, (2003)
-
Education finance reform: A dynamic perspective
Fernandez, Raquel, (1997)
-
Human Capital Accumulation and Income Distribution
Fernandez, Raquel, (1992)
- More ...