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:
/dk/atira/pure/subjectarea/aacsb/disciplinebasedresearch
Subjects:
ID Code:
48948
Deposited By:
Deposited On:
11 Jul 2011 21:24
Refereed?:
No
Published?:
Published
Last Modified:
27 Nov 2020 10:08