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Optimal educational investment: domestic equity and international competition

Research output: Contribution to journalJournal article

Published

Article number909727
Journal publication date2012
JournalInternational Scholarly Research Network Economics
Volume2012
Number of pages4
Pages1-4
Original languageEnglish

Abstract

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.