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Lobbying for Education in a Two-Sector Model
Di Gioacchino, Debora - 2011
In a two-period model, firms specialized in two different sectors lobby to induce the government to subsidize the type of education complementary to their production. Lobbying is endogenous. We show that, if lobbying is not costly, both sectors will lobby in equilibrium and education policy will...
Persistent link: https://www.econbiz.de/10013125068
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The Political Economy of Post-Compulsory Education Policy with Endogenous Credit Constraints
Anderberg, Dan - 2008
two policy tools: a subsidy to those who participate in education and a proportional income tax. Not all children … participate; a larger subsidy encourages participation, and a larger income tax discourages it. The parents, prior to making … support a reduction, while the quot;middle-classquot; supports an expansion, of the education subsidy. Public support of …
Persistent link: https://www.econbiz.de/10012771859
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Efficient Education Policy - A Second-Order Elasticity Rule
Richter, Wolfram F. - 2021
Assuming a two-period model with endogenous choices of labour, education, and saving, efficient education policy is characterized for a Ramsey-like scenario in which the government is constrained to use linear instruments. It is shown that education should be effectively subsidized if, and only...
Persistent link: https://www.econbiz.de/10013316238
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A Macroeconomic Analysis of Energy Subsidies in a Small Open Economy
Glomm, Gerhard - 2015
subsidy cuts are used to fund additional infrastructure investment …
Persistent link: https://www.econbiz.de/10013027091
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Optimal Education Policies and Comparative Advantage
Bougheas, Spiros - 2009
We consider the optimal education policies of a small economy whose government has a limited budget. Initially, the economy is closed and the government chooses its education policy to maximize welfare under autarky. Then the economy trades with the rest of the world. Lastly, the government...
Persistent link: https://www.econbiz.de/10013160221
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Voting on Labour-Market Integration and Education Policy When Citizens Differ in Mobility and Ability
Haupt, Alexander - 2009
We analyse how institutional and political decisions are intertwined. Citizens who differ in their mobility and ability vote first on labour market integration and afterwards on education policy. The institutional decision on integration influences the succeeding education policy. More...
Persistent link: https://www.econbiz.de/10012764389
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Optimal Policy and the Risk Properties of Human Capital Reconsidered
Anderberg, Dan - 2008
This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is demonstrated that a key feature of human capital investments is whether they increase or decrease wage risk. In a benchmark model it is shown that this feature alone determines...
Persistent link: https://www.econbiz.de/10012768814
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Individual Investments in Education and Health : Policy Responses and Interactions
Carbone, Jared C. - 2016
to improve welfare, while a medical care subsidy is the best instrument for longevity. Subsidies to medical care or …
Persistent link: https://www.econbiz.de/10012978378
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Education : Optimal Choice and Efficient Policy
Richter, Wolfram F. - 2015
The research on earnings determination is based on the Mincer-Becker assumption that individuals decide on schooling by maximizing income. This paper offers an alternative and less restrictive approach based on utility maximization. Using this approach, we analyze the efficiency of education...
Persistent link: https://www.econbiz.de/10013020568
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Education and Social Mobility
Cremer, Helmuth; De Donder, Philippe; Pestieau, Pierre - 2021
This paper shows that the design of education policy involves a potential conflict between welfare and social mobility. We consider a setting in which social mobility is maximized under the least elitist public education system, whereas welfare maximization calls for the most elitist system. We...
Persistent link: https://www.econbiz.de/10013316250