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In a previous paper, the authors took the first step in their research on measuring the education function of government by estimating real output measures (Fraumeni, et. al. 2004). In this paper, chain-type Fisher quantity indexes for those output measures are calculated to be more consistent...
Persistent link: https://www.econbiz.de/10012464546
This paper examines the properties of exams and markets as alternative allocation devices under borrowing constraints. Exams dominate markets in terms of matching efficiency. Whether aggregate consumption is greater under exams than under markets depends on the power of the exam technology; for...
Persistent link: https://www.econbiz.de/10012472222
Many countries mandate affirmative action in university admissions for traditionally disadvantaged groups. Little is known about either the efficacy or costs of these programs. This paper examines affirmative action in engineering colleges in India for "lower-caste" groups. We find that it...
Persistent link: https://www.econbiz.de/10012464721
The education reform movement includes efforts to raise teacher quality through stricter certification and licensing provisions. Most US states now require public school teachers to pass a standardized test such as the National Teacher Examination. Although any barrier to entry is likely to...
Persistent link: https://www.econbiz.de/10012469155
This chapter considers means-tested employment and training programs in the United States. We focus in particular on large, means-tested federal programs, including the Job Training Partnership Act (JTPA), its successor the Workforce Investment Act (WIA), that program's recent replacement, the...
Persistent link: https://www.econbiz.de/10012457010
Persistent link: https://www.econbiz.de/10000601576
The privatization of social services is being increasingly discussed. The social services market is characterized by multiple market failures, including informational asymmetries, agency problems, externalities, and distributional concerns. Consumers may care as much or more about quality of...
Persistent link: https://www.econbiz.de/10012471699
We examine constraints to adoption of new technologies in the context of hillside irrigation schemes in Rwanda. We leverage a plot-level spatial regression discontinuity design to produce 3 key results. First, irrigation enables dry season horticultural production, which boosts on-farm cash...
Persistent link: https://www.econbiz.de/10012479222
effectiveness and cost. Although theory and empirical evidence suggests there is potential for welfare-enhancing energy efficiency …
Persistent link: https://www.econbiz.de/10012463618
General Theory. The first is that there may be a continuum of steady state unemployment rates. The second is that beliefs …-fulfilling. The paper reconciles Keynesian economics with general equilibrium theory without invoking the assumption of frictions that …
Persistent link: https://www.econbiz.de/10012463802