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Author : Buly A. Cardak
Publisher :
ISBN 13 : 9781920697013
Total Pages : 51 pages
Book Rating : 4.6/5 (97 download)
Download or read book Education Choice, Endogenous Growth and Income Distribution written by Buly A. Cardak and published by . This book was released on 2002 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lionel Artige
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (13 download)
Download or read book Public Education Expenditures, Growth and Income Inequality written by Lionel Artige and published by . This book was released on 2017 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public education is usually seen as having at least two desirable effects: fostering economic growth and reducing income inequality. This paper revisits both relations in a single model of occupational choice with an endogenous supply of teachers. First, we show that the impact of public education expenditures on economic growth depends both on the level of these expenditures and the shape of the human capital distribution. Second, our model shows that the relationship between public education spending and income inequality can be U-shaped. We provide empirical evidence for this U-shaped relationship. Finally, we calibrate our model for 8 OECD countries.
Author : Walter W. McMahon
Publisher : Clarendon Press
ISBN 13 : 019159119X
Total Pages : 318 pages
Book Rating : 4.1/5 (915 download)
Download or read book Education and Development written by Walter W. McMahon and published by Clarendon Press. This book was released on 2000-01-27 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops a new approach to measuring the total returns to human resource development through investment in education. Drawing on microanalytic foundations, it uses regional and worldwide data to estimate the net marginal contributions of education and new knowledge both to economic growth and to wider effects on democratization, human rights, political stability, health, net population growth rates, reduction of poverty, inequality in income distribution, crime, drug use, and the environment. The total impact of education policy changes on endogenous development is then estimated using an interactive model. This new approach is important to industrialized and developing countries alike. The diffusion of knowledge and the adaptation of new techniques has been identified as crucial to the growth process in the new endogenmous growth models, and is of increasing strategic importance in current knowledge-based globalizing economies. Similarly, the non-monetary returns from education are important in improving human welfare. Measurement of these non-market returns is a crucial but much neglected subject. It has proved frustrating, and existing microanalytic measures have proved piecemeal. The new approach developed here offers some comprehensive estimates and simulation techniques for finding more cost-effective policies, and also suggests new hypotheses for further microanalytic testing.
Author : Bernhard Eckwert
Publisher : Academic Press
ISBN 13 : 0128031913
Total Pages : 190 pages
Book Rating : 4.1/5 (28 download)
Download or read book The Economics of Screening and Risk Sharing in Higher Education written by Bernhard Eckwert and published by Academic Press. This book was released on 2015-05-14 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economics of Screening and Risk Sharing in Higher Education explores advances in information technologies and in statistical and social sciences that have significantly improved the reliability of techniques for screening large populations. These advances are important for higher education worldwide because they affect many of the mechanisms commonly used for rationing the available supply of educational services. Using a single framework to study several independent questions, the authors provide a comprehensive theory in an empirically-driven field. Their answers to questions about funding structures for investments in higher education, students’ attitudes towards risk, and the availability of arrangements for sharing individual talent risks are important for understanding the theoretical underpinnings of information and uncertainty on human capital formation. Investigates conditions under which better screening leads to desirable outcomes such as higher human capital accumulation, less income inequality, and higher economic well-being. Questions how the role of screening relates to the funding structure for investments in higher education and to the availability of risk sharing arrangements for individual talent risks. Reveals government policies that are suited for controlling or counteracting detrimental side effects along the growth path.
Author : Mr.Se-Jik Kim
Publisher : International Monetary Fund
ISBN 13 : 1451972962
Total Pages : 36 pages
Book Rating : 4.4/5 (519 download)
Download or read book Credit Markets with Differences in Abilities written by Mr.Se-Jik Kim and published by International Monetary Fund. This book was released on 1994-04-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper addresses the growth, welfare, and distributional effects of credit markets. We construct a general equilibrium model where human capital is the engine of growth and individuals differ in their education abilities. We argue that the existence of credit markets encourages specialization, by which individuals choose during their youth to work or to receive formal education. This specialization unambiguously increases growth and welfare. The model also shows that in economies with high (low) average level of education abilities, the opening of credit markets induces a more disperse (equal) income distribution.
Author : Jeffrey W. Ward
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (133 download)
Download or read book Educational Choice and Economic Activity written by Jeffrey W. Ward and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this dissertation is to examine the effects of fiscal policy rules for funding higher education on macroeconomic concerns. Alternative government funding policies impact an endogenous household decision over post-secondary higher education and subsequently, economic output, growth, and income distribution. The link between human capital and economic growth is well documented. This work gathers many disparate ideas about how human capital is formed and its use in improving labor productivity and expansion of the variety of goods produced through research and development. The models employ a multi-period overlapping generations framework. In the initial period, workers sort themselves through educational choice into three skill groups: low-skill(no college education), medium-skill (college degree in non-R & D curricula), and high-skill (college degree in R & D). The high-skill group performs research and development. Newly minted products must pass through an adoption process before becoming usable. The low and medium-skill groups are imperfect substitutes in the production of intermediate goods. Final goods are produced by combining adopted technologies and intermediate goods. The second chapter of this dissertation considers a household with full risk-sharing. The third chapter divides the household by skill type, such that they no longer pool resources. However, this model employs a Negishi-weighted social welfare function whereby the marginal utilities of the groups are impacted by aggregate conditions. The steady-state growth models in these two chapters are calibrated to match wage premium data, savings rate data by age, 2% annual economic growth, and data for total money income over the life-cycle. The results of comparative statics exercises in both versions of the model show the impact of alternative funding regimes. Funding high-skilled education improves growth at the ex-pense of lower level effects on output; however, funding medium-skilled education, while having only modest effects of growth, substantially increases output. The fourth chapter seeks to per-form dynamic simulations of these models to explore the business cycle properties and transitional dynamics associated with educational choice and changes to higher education funding
Author : Stephen J. Machin
Publisher : Elsevier
ISBN 13 : 044453444X
Total Pages : 707 pages
Book Rating : 4.4/5 (445 download)
Download or read book Handbook of the Economics of Education written by Stephen J. Machin and published by Elsevier. This book was released on 2011-08-15 with total page 707 pages. Available in PDF, EPUB and Kindle. Book excerpt: With contributions from leading researchers, this handbook presents an accurate, self-contained survey of the current state of the economics of education. It summarises the most recent discussions in journals and elucidates new developments.
Author : Jandhyala B. G. Tilak
Publisher :
ISBN 13 :
Total Pages : 134 pages
Book Rating : 4.F/5 ( download)
Download or read book Education and Its Relation to Economic Growth, Poverty, and Income Distribution written by Jandhyala B. G. Tilak and published by . This book was released on 1989 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents an extensive survey of empirical research evidence on the role of education in economic growth, poverty and income distribution. The author presents new analysis of more recent cross nation data on education and income distribution. The analysis uses lagged variables on education which reconfirms some of the well established theses on the role of education in improving income distribution. It also indicates that with significant improvements in educational levels, the threshold level of education to significantly contribute to income distribution could change from primary to secondary education. The author also questions some of the doubts expressed by critics in this context and reasserts that, on the whole, education is an important policy instrument that can be looked upon with hope towards improving inequities.
Author : Buly A. Cardak
Publisher :
ISBN 13 : 9780730027829
Total Pages : 46 pages
Book Rating : 4.0/5 (278 download)
Download or read book Endogenous Growth and the Public-private Education Choice written by Buly A. Cardak and published by . This book was released on 1999 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mark Gradstein
Publisher :
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.:/5 (748 download)
Download or read book Democratoc Choice of an Education System written by Mark Gradstein and published by . This book was released on 1989 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Educational Choice, Endogenous Inequality and Economic Development written by and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the mechanics through which wealth may, in the long run, trickle down from the rich to the poor. In the presence of indivisibilities in investment of human capital and impossibility of borrowing money, investment in education is financed through an intergenerational transfer. In an OLG model where aggregate production requires capital and both skilled and unskilled labour, it is shown that the long run equilibrium outcome depends on the values of few key parameters. A complete characterisation of the steady state is provided. Under some configurations of the parameter values a unique invariant equilibrium exists where inequality vanishes asymptotically. Under others, multiple equilibria exist and the equilibrium outcome crucially depends on the initial conditions of the system. These equilibria are characterised by an negative relationship between inequality and economic development.
Author : Caroline M. Hoxby
Publisher : University of Chicago Press
ISBN 13 : 0226355349
Total Pages : 367 pages
Book Rating : 4.2/5 (263 download)
Download or read book The Economics of School Choice written by Caroline M. Hoxby and published by University of Chicago Press. This book was released on 2007-11-01 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: Now that the U.S. Supreme Court has declared school voucher programs constitutional, the many unanswered questions concerning the potential effects of school choice will become especially pressing. Contributors to this volume draw on state-of-the-art economic methods to answer some of these questions, investigating the ways in which school choice affects a wide range of issues. Combining the results of empirical research with analyses of the basic economic forces underlying local education markets, The Economics of School Choice presents evidence concerning the impact of school choice on student achievement, school productivity, teachers, and special education. It also tackles difficult questions such as whether school choice affects where people decide to live and how choice can be integrated into a system of school financing that gives children from different backgrounds equal access to resources. Contributors discuss the latest findings on Florida's school choice program as well as voucher programs and charter schools in several other states. The resulting volume not only reveals the promise of school choice, but examines its pitfalls as well, showing how programs can be designed that exploit the idea's potential but avoid its worst effects. With school choice programs gradually becoming both more possible and more popular, this book stands out as an essential exploration of the effects such programs will have, and a necessary resource for anyone interested in the idea of school choice.
Author : Philippe Aghion
Publisher : MIT Press
ISBN 13 : 9780262011662
Total Pages : 720 pages
Book Rating : 4.0/5 (116 download)
Download or read book Endogenous Growth Theory written by Philippe Aghion and published by MIT Press. This book was released on 1998 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Problems and solutions by Cecilia Garcâia-Peänalosa in collaboration with Jan Boone, Chol-Won Li, and Lucy White." Includes bibliographical references (p. [665]-687) and index.
Author : Rainer Andergassen
Publisher :
ISBN 13 :
Total Pages : 18 pages
Book Rating : 4.:/5 (249 download)
Download or read book Educational Choice, Endogenous Inequality and Economic Development written by Rainer Andergassen and published by . This book was released on 2004 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mark Gradstein
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (613 download)
Download or read book Democratic Choice of an Education System: Implications for Growth and Income Distribution written by Mark Gradstein and published by . This book was released on 1997 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: On government support for education.
Author : Mark Gradstein
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (748 download)
Download or read book Democratic Choice of an Education System : Implications for Growth and Income Distribution written by Mark Gradstein and published by . This book was released on 1999 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: On government support for education
Author : Charles F. Manski
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.3/5 (91 download)
Download or read book Educational Choice (vouchers) and Social Mobility written by Charles F. Manski and published by . This book was released on 1992 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
