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An economic rationale for public education: the value of commitment

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Bibliographic Details
Authors and Corporations: Grâdšṭayn, Marq (Author)
Type of Resource: E-Book
Language: English
published:
München CESifo 1999
Series: CESifo GmbH: CESifo working papers ; 209
Subjects:
Source: Verbunddaten SWB
Lizenzfreie Online-Ressourcen
Description
Summary: This paper offers an explanation for the widespread phenomenon of uniform public schooling, which is viewed here as a way for the government to precommit itself to restraints on future income redistribution. Such precommitment is likely to enhance accumulation of human capital, to bolster economic growth, and, under certain circumstances, to constitu te a preferred choice for a majority of voters.
Physical Description: Online-Ressource (18 S.)
Type of Resource: Systemvoraussetzungen: Acrobat Reader.