Submitted manuscript, 120 KB, PDF document
Research output: Working paper
Research output: Working paper
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TY - UNPB
T1 - Optimal Educational Investment: Domestic Equity and International Competition
AU - Johnes, G
PY - 2009
Y1 - 2009
N2 - 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.
AB - 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.
KW - education
KW - taxation
KW - income distribution
KW - competition
M3 - Working paper
T3 - Economics Working Paper Series
BT - Optimal Educational Investment: Domestic Equity and International Competition
PB - The Department of Economics
CY - Lancaster University
ER -