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Educational standards in private and public schools

Research output: Contribution to Journal/MagazineJournal articlepeer-review

Published
<mark>Journal publication date</mark>11/2008
<mark>Journal</mark>Economic Journal
Issue number533
Volume118
Number of pages22
Pages (from-to)1866-1887
Publication StatusPublished
<mark>Original language</mark>English

Abstract

When school quality increases with the educational standard set by schools, education before college need not be a hierarchy with private schools offering better quality than public schools. In our model, private schools can offer a lower educational standard at a positive price because they attract students with a relatively high cost of effort, who would find the high standards of public schools excessively demanding. We estimate the key parameters of the model and show that majority voting supports a system where private schools have higher quality in the US and public schools have higher quality in Italy.