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The Political Economy Of Public Spending On Education Inequality And Growth
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Book Synopsis The Political Economy of Public Spending on Education, Inequality, and Growth by : Mark Gradstein
Download or read book The Political Economy of Public Spending on Education, Inequality, and Growth written by Mark Gradstein and published by World Bank Publications. This book was released on 2003 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public provision of education has often been perceived as universal and egalitarian, but in reality it is not. Political pressure typically results in incidence bias in favor of the rich. The author argues that the bias in political influence resulting from extreme income inequalities is particularly likely to generate an incidence bias, which we call social exclusion. This may then lead to a feedback mechanism whereby inequality in the incidence of public spending on education breeds higher income inequality, thus generating multiple equilibria: with social exclusion and high inequality; and with social inclusion and relatively low inequality. The author also shows that the latter equilibrium leads to higher long-run growth than the former. An extension of the basic model reveals that spillover effects among members of social groups differentiated by race or ethnicity may reinforce the support for social exclusion.
Book Synopsis The Political Economy of Public Spending on Education, Inequality, and Growth by : Mark Gradstein
Download or read book The Political Economy of Public Spending on Education, Inequality, and Growth written by Mark Gradstein and published by . This book was released on 2016 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public provision of education has often been perceived as universal and egalitarian, but in reality it is not. Political pressure typically results in incidence bias in favor of the rich. Gradstein argues that the bias in political influence resulting from extreme income inequalities is particularly likely to generate an incidence bias, which we call social exclusion. This may then lead to a feedback mechanism whereby inequality in the incidence of public spending on education breeds higher income inequality, thus generating multiple equilibria: with social exclusion and high inequality; and with social inclusion and relatively low inequality. The author also shows that the latter equilibrium leads to higher long-run growth than the former. An extension of the basic model reveals that spillover effects among members of social groups differentiated by race or ethnicity may reinforce the support for social exclusion.This paper - a product of Public Services, Development Research Group - is part of a larger effort in the group to understand the causes and the consequences of incidence biases in public spending.
Book Synopsis The Political Economy of Public Spending on Education, Inequality, and Growth by : Gradstein
Download or read book The Political Economy of Public Spending on Education, Inequality, and Growth written by Gradstein and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Political Economy of Education by : Mark Gradstein
Download or read book The Political Economy of Education written by Mark Gradstein and published by MIT Press. This book was released on 2004-10-22 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: A theoretical framework for analyzing the complex relationship of education, growth, and income distribution. The dominant role played by the state in the financing, regulation, and provision of primary and secondary education reflects the widely-held belief that education is necessary for personal and societal well-being. The economic organization of education depends on political as well as market mechanisms to resolve issues that arise because of contrasting views on such matters as income inequality, social mobility, and diversity. This book provides the theoretical framework necessary for understanding the political economy of education—the complex relationship of education, economic growth, and income distribution—and for formulating effective policies to improve the financing and provision of education. The relatively simple models developed illustrate the use of analytical tools for understanding central policy issues. After offering a historical overview of the development of public education and a review of current econometric evidence on education, growth, and income distribution, the authors lay the theoretical groundwork for the main body of analysis. First they develop a basic static model of how political decisions determine education spending; then they extend this model dynamically. Applying this framework to a comparison of education financing under different regimes, the authors explore fiscal decentralization; individual choice between public and private schooling, including the use of education vouchers to combine public financing of education with private provision; and the social dimension of education—its role in state-building, the traditional "melting pot" that promotes cohesion in a culturally diverse society.
Book Synopsis The Political Economy of Education by : Mark Gradstein
Download or read book The Political Economy of Education written by Mark Gradstein and published by Mit Press. This book was released on 2005 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dominant role played by the state in the financing, regulation, and provision of primary and secondary education reflects the widely-held belief that education is necessary for personal and societal well-being. The economic organization of education depends on political as well as market mechanisms to resolve issues that arise because of contrasting views on such matters as income inequality, social mobility, and diversity. This book provides the theoretical framework necessary for understanding the political economy of education -- the complex relationship of education, economic growth, and income distribution -- and for formulating effective policies to improve the financing and provision of education. The relatively simple models developed illustrate the use of analytical tools for understanding central policy issues.After offering a historical overview of the development of public education and a review of current econometric evidence on education, growth, and income distribution, the authors lay the theoretical groundwork for the main body of analysis. First they develop a basic static model of how political decisions determine education spending; then they extend this model dynamically. Applying this framework to a comparison of education financing under different regimes, the authors explore fiscal decentralization; individual choice between public and private schooling, including the use of education vouchers to combine public financing of education with private provision; and the social dimension of education -- its role in state-building, the traditional "melting pot" that promotes cohesion in a culturally diverse society.
Book Synopsis Skills and Inequality by : Marius R. Busemeyer
Download or read book Skills and Inequality written by Marius R. Busemeyer and published by Cambridge University Press. This book was released on 2015 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues that critical choices about the institutional design of education systems in the post-war period have long-term implications for social inequality.
Book Synopsis Inequality and Growth by : Theo S. Eicher
Download or read book Inequality and Growth written by Theo S. Eicher and published by MIT Press. This book was released on 2007-01-26 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Even minute increases in a country's growth rate can result in dramatic changes in living standards over just one generation. The benefits of growth, however, may not be shared equally. Some may gain less than others, and a fraction of the population may actually be disadvantaged. Recent economic research has found both positive and negative relationships between growth and inequality across nations. The questions raised by these results include: What is the impact on inequality of policies designed to foster growth? Does inequality by itself facilitate or detract from economic growth, and does it amplify or diminish policy effectiveness? This book provides a forum for economists to examine the theoretical, empirical, and policy issues involved in the relationship between growth and inequality. The aim is to develop a framework for determining the role of public policy in enhancing both growth and equality. The diverse range of topics, examined in both developed and developing countries, includes natural resources, taxation, fertility, redistribution, technological change, transition, labor markets, and education. A theme common to all the essays is the importance of education in reducing inequality and increasing growth.
Book Synopsis Demographic Structure and the Political Economy of Public Education by : James M. Poterba
Download or read book Demographic Structure and the Political Economy of Public Education written by James M. Poterba and published by . This book was released on 1996 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This papers examines the relationship between demographic structure and the level of government spending on K-12 education. Panel data for the U.S. states over the 1960-1990 period suggests that an increase in the fraction of elderly residents in a jurisdiction is associated with a significant reduction in per child educational spending. This reduction is particularly large when the elderly residents and the school-age population are from different racial groups. Variation in the size of the school-age population does not result in proportionate changes in education spending, so students in states with larger school-age populations receive lower per-student spending than those in states with smaller numbers of potential students. These results provide support for models of generational competition in the allocation of public sector resources. They also suggest that the effect of cohort size on government-mediated transfers must be considered in analyzing how cohort size affects economic well-being.
Book Synopsis The Rise and Fall of American Public Schools by : Robert J. Franciosi
Download or read book The Rise and Fall of American Public Schools written by Robert J. Franciosi and published by Bloomsbury Publishing USA. This book was released on 2004-04-30 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides a comprehensive and balanced survey of the state of American public education. It examines the trend in the quality of the public schools over the past 100 years, and reviews the possible reasons for a decline in quality. The work focuses on the importance of local control in American public education and how it has been steadily eroded. Franciosi advocates school choice as a way of restoring greater control by parents over their children's schools. This work is distinct among calls of reform in that it takes a skeptical attitude towards the centralized school reform movement that has culminated in the No Child Left Behind Act. It discusses important topics that have been the subject of research including the effect of teachers unions, Tiebout competition and local control, and school finance reform. Franciosi follows the many trajectories taken by America's public schools over the past century. It shows that the United States has been a world education leader in both access for all children and resources spent. Despite this there are still some worrisome trends. While school spending has steadily increased, student achievement has fluctuated, and remains below that of students in other developed nations. Initiatives to close the gap in achievement has fluctuated and remains below that of students in other developed nations. Initiatives to close the gap in achievement and resources among students of various socioeconomic, racial, and ethnic backgrounds have been only partially successful. Past efforts to reform public education have led to increasingly centralized control over public schools. This piece will be important to those who are active on both sides of the school reform debate. It will also be useful to students who are researching education policy, the economics of education, or public policy.
Book Synopsis The Political Economy of Urban Schools by : Martin T. Katzman
Download or read book The Political Economy of Urban Schools written by Martin T. Katzman and published by Harvard University Press. This book was released on 1971 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Reallocating Public Spending to Reduce Income Inequality: Can It Work? by : Djeneba Doumbia
Download or read book Reallocating Public Spending to Reduce Income Inequality: Can It Work? written by Djeneba Doumbia and published by International Monetary Fund. This book was released on 2019-09-06 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can a government reduce income inequality by changing the composition of public spending while keeping the total level of expenditure fixed? Using newly assembled data on spending composition for 83 countries across all income groups, this paper shows that reallocating spending toward social protection and infrastructure is associated with reduced income inequality, particularly when it is financed through cuts in defense spending. However, the political and security situation matters. The analysis does not find evidence that lowering defense spending to finance infrastructure and social outlays improves income distribution in countries with weak institutions and at higher risk of conflict. Reallocating social protection and infrastructure spending towards other types of spending tends to increase income inequality. Accounting for the long-term impact of health spending, and particularly education spending, helps to better capture the equalizing effects of these expenditures. The paper includes a discussion of the implications of the findings for Indonesia, a major emerging market where income inequality is at the center of policy issues.
Book Synopsis Links Between Growth, Inequality, and Poverty: A Survey by : Ms. Valerie Cerra
Download or read book Links Between Growth, Inequality, and Poverty: A Survey written by Ms. Valerie Cerra and published by International Monetary Fund. This book was released on 2021-03-12 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on the underlying sources of growth. The impact of poverty and inequality on growth is likewise ambiguous, as several channels mediate the relationship. But most plausible mechanisms suggest that poverty and inequality reduce growth, at least in the long run. Policies play a role in shaping these relationships and those designed to improve equality of opportunity can simultaneously improve inclusiveness and growth.
Book Synopsis Making Social Spending Work by : Peter H. Lindert
Download or read book Making Social Spending Work written by Peter H. Lindert and published by Cambridge University Press. This book was released on 2021-04-08 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt: How does social spending relate to economic growth and which countries have got this right and wrong? Peter Lindert examines the experience of countries across the globe to reveal what has worked, what needs changing, and who the winners and losers are under different systems. He traces the development of public education, health care, pensions, and welfare provision, and addresses key questions around intergenerational inequality and fiscal redistribution, the returns to investment in human capital, how to deal with an aging population, whether migration is a cost or a benefit, and how social spending differs in autocracies and democracies. The book shows that what we need to do above all is to invest more in the young from cradle to career, and shift the burden of paying for social insurance away from the workplace and to society as a whole.
Book Synopsis Educational Expansion Evidence and Interpretation by : Mark Gradstein
Download or read book Educational Expansion Evidence and Interpretation written by Mark Gradstein and published by World Bank Publications. This book was released on 2003 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Political Economy of Publicly-provided Goods by : Katrina Lauren Kosec
Download or read book The Political Economy of Publicly-provided Goods written by Katrina Lauren Kosec and published by Stanford University. This book was released on 2011 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation consists of three chapters which explore various aspects of the political economy of publicly-provided goods. I shed light on why governments do or do not invest in goods of different types, and also how government versus private provision affects consumers. What follows are three empirical analyses testing the implications of competing theoretical models. My first chapter addresses the question, what drives governments with similar revenues to publicly provide very different amounts of goods for which private substitutes are available? Key examples are education and health care. I compare spending by Brazilian municipalities on pre-primary education--a good that is also provided privately--with spending on public infrastructure like parks and roads, which lacks private substitutes. I find that municipalities with higher median income and more inequality are less likely to allocate revenue to education or to expand pre-primary enrollment. They are more likely to allocate revenue to public infrastructure. This seems to occur for two reasons. In rich and unequal municipalities, fewer total people support public education spending (the collective choice channel), and also, any given poor person wanting public education has less influence over policymakers there (the political power channel). My second chapter addresses the question, can private sector participation (PSP) in the urban piped water sector improve child health? A fixed effects analysis suggests that the introduction of PSP decreases diarrhea among under-five children by between 2.2 and 2.6 percentage points, or 14-16%. An instrumental variables analysis that uses variation in the share of the world water market controlled by former colonizing countries suggests that the effects are twice as large. The difference between the OLS and the IV results can be explained by the fact that PSP is more likely when the water sector is distressed and causing health problems. Importantly, PSP appears to benefit the health of children from the poorest households the most. It also leads to higher rates of reliance on piped water as the primary water source, which is a likely channel explaining child health improvements. My third chapter, joint with John Hatfield, examines how competition between governments affects economic growth. We find that doubling the number of local governments in a metropolitan area increases the income growth rate over 1969-2006 by 18%, which implies an approximate $3900 difference in 2006 income. Decomposing this effect, we find that 60% stems from inter-jurisdictional competition changing the composition of the workforce, while 40% comes from making existing workers more productive. The results support a formal model showing that competition for capital drives local governments to provide productive public goods at levels which maximize economic growth (Hatfield 2010).
Book Synopsis Handbook of the Economics of Education by : Stephen J. Machin
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.
Book Synopsis Political Economy of Public Education Finance by : Nandan K Jha
Download or read book Political Economy of Public Education Finance written by Nandan K Jha and published by Rowman & Littlefield. This book was released on 2020-06-22 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: Political Economy of Public Education Finance takes a unique approach in examining distribution of public education spending across urban school districts in the USA. It provides a thorough and rigorous quantitative examination of the joint roles of school choice and political institutions in inequity in school district spending in the USA. This book additionally provides conceptual and empirical treatment to a topic within the vast school choice scholarship that has been studied the least so far: competition among school districts in the urban regional market. The author further offers insight into the role of political institutions in ensuring equity in public school spending. These institutions provide critical leadership in managing inter-school district competition in the regional context. Since equity in school finance is the outcome of interest in this book, it includes necessary and sufficient attention to the topic too.
