Showing 1 - 10 of 1,632
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/10012920892
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/10013324719
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/10013105003
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/10013001771
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/10013240570
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/10013245746
transaction difficulties. But, such environments often also feature highly interventionist government, and even corruption …
Persistent link: https://www.econbiz.de/10012753256
We study whether current spending levels and public knowledge of them contribute to transatlantic differences in policy preferences by implementing parallel survey experiments in Germany and the United States. In both countries, support for increased education spending and teacher salaries falls...
Persistent link: https://www.econbiz.de/10012979764
The persistent increase in spending on elementary and secondary schools has gone virtually undocumented and has received insufficient attention. Real expenditure per student increased at 3« percent per year over the entire period of 1890-1990. A decomposition of the spending growth shows that...
Persistent link: https://www.econbiz.de/10013244898
Increasing the postsecondary attainment rate of college-age youth is an important economic priority in the U.S. and in other developed countries. Yet little is known about whether different forms of public subsidy can increase degree completion. In this paper, we compare the impact of the...
Persistent link: https://www.econbiz.de/10012948915