We have over 12,000 students, from over 100 countries, within one of the safest campuses in the UK


97% of Lancaster students go into work or further study within six months of graduating

Home > Research > Publications & Outputs > Optimal educational investment: domestic equity...
View graph of relations

« Back

Optimal educational investment: domestic equity and international competition

Research output: Contribution to journalJournal article


Article number909727
<mark>Journal publication date</mark>2012
<mark>Journal</mark>International Scholarly Research Network Economics
Number of pages4
<mark>Original language</mark>English


We construct a family of models to analyse the effect on optimal educational investment of (i) society's preferences for equity and (ii) competition between countries. The models provide insights about the impact of a variety of parameters on optimal policy. In particular, we identify a form of 'overeducation' that is new to the literature and provide a counterexample to a common finding in the literature on fiscal federalism.

Bibliographic note

Copyright © 2012 Geraint Johnes. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.