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Optimal Educational Investment: Domestic Equity and International Competition

Johnes, G (2009) Optimal Educational Investment: Domestic Equity and International Competition. Working Paper. The Department of Economics, Lancaster University.

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    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.

    Item Type: Monograph (Working Paper)
    Uncontrolled Keywords: education ; taxation ; income distribution ; competition
    Subjects:
    Departments: Lancaster University Management School > Economics
    ID Code: 48948
    Deposited By: ep_importer_pure
    Deposited On: 11 Jul 2011 22:24
    Refereed?: No
    Published?: Published
    Last Modified: 17 Apr 2013 15:08
    Identification Number:
    URI: http://eprints.lancs.ac.uk/id/eprint/48948

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