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We investigate equilibrium impacts of federal policies such as free-college proposals, taking into account that human capital production is cumulative and that state governments have resource constraints. In the model, a state government cares about household welfare and aggregate educational...
Persistent link: https://www.econbiz.de/10012480368
Allocation of resources in the local public sector involves economic and political forces. Spending for elementary and secondary education is a major area of public expenditure. In many states, the bulk of this spending is subject to referendum. In addition, grants-in-aid from state governments...
Persistent link: https://www.econbiz.de/10012476662
This paper shows that social capital increases economic growth by raising government investment in human capital. We present a model of stochastic endogenous growth with imperfect political agency. Only some people correctly anticipate the future returns to current spending on public education....
Persistent link: https://www.econbiz.de/10012453183
This paper examines if money matters in education by looking at whether missing resources due to corruption affect … student outcomes. We use data from the auditing of Brazil's local governments to construct objective measures of corruption … of corruption across municipalities and controlling for student, school, and municipal characteristics, we find a …
Persistent link: https://www.econbiz.de/10012053239
transaction difficulties. But, such environments often also feature highly interventionist government, and even corruption …
Persistent link: https://www.econbiz.de/10012463999
Bigger governments raise the possibilities for corruption; more corruption may in turn raise the support for … redistributive policies that intend to correct the inequality and injustice generated by corruption. We formalize these insights in a … simple dynamic model. A positive feedback from past to current levels of taxation and corruption arises either when wealth …
Persistent link: https://www.econbiz.de/10012467282
Two types of political conflicts of interest pervade many of the world's societies. A horizontal conflict of interest arises when different constituencies support different policies, while a vertical conflict of interest emerges when those in charge of running the government acquire and retain...
Persistent link: https://www.econbiz.de/10012456815
Many developing countries have suffered under the personal rule of kleptocrats', who implement highly inefficient economic policies, expropriate the wealth of their citizens, and use the proceeds for their own glorification or consumption. We argue that the success of kleptocrats rests, in part,...
Persistent link: https://www.econbiz.de/10012468558
We use estimates across all known "credibly causal" studies to examine the distributions of the causal effects of public K12 school spending on test scores and educational attainment in the United States. Under reasonable assumptions, for each of the 31 included studies, we compute the same...
Persistent link: https://www.econbiz.de/10012482732
The American university was shaped in a formative period from 1890 to 1940 long before the rise of federal funding, the G.I. Bill, and mass higher education. Both the scale and scope of institutions of higher education were greatly increased, the research university blossomed, states vastly...
Persistent link: https://www.econbiz.de/10012472270