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The paper presents a model of educational production which tries to make sense of recent evidence on effects of institutional arrangements on student performance. In a simple principal-agent framework, students choose their learning effort to maximize their net benefits, while the government...
Persistent link: https://www.econbiz.de/10011411167
policymakers in the field of education. The papers show how state monopoly provision of education has led to a particular model of … schooling which does not work for many of those who use the education system - parents and children. Perhaps the most valuable … contribution of these papers is their historical analysis. The extent to which education systems developed in the UK and the USA …
Persistent link: https://www.econbiz.de/10014066567
The paper presents a model of educational production which tries to make sense of recent evidence on effects of institutional arrangements on student performance. In a simple principal-agent framework, students choose their learning effort to maximize their net benefits, while the government...
Persistent link: https://www.econbiz.de/10013320559
Persistent link: https://www.econbiz.de/10001483544
Persistent link: https://www.econbiz.de/10001597099
privatization of tertiary education comes with a vast reduction in the number of students, an increase in the college wage premium … and longrun welfare losses of around 5 percent. Surprisingly, we find that from privatization of tertiary education …
Persistent link: https://www.econbiz.de/10014199814
In this paper we characterize quantitativelya the optimal mix of progressive income taxes and education subsidies in a … the incentives to acquire higher education, generation a non-trivial trade-off for the benevolent utilitatian government …. The latter distortion can potentially be mitigated by an education subsidy. We find that the welfare-maximizing fiscal …
Persistent link: https://www.econbiz.de/10013081946
Persistent link: https://www.econbiz.de/10010388237
Persistent link: https://www.econbiz.de/10003794138
The dominant role played by the state in the financing, regulation, and provision of primary and secondary education … reflects the widely-held belief that education is necessary for personal and societal well-being. The economic organization of … education depends on political as well as market mechanisms to resolve issues that arise because of contrasting views on such …
Persistent link: https://www.econbiz.de/10013481444