Optimal educational investment: domestic equity and international competition

Johnes, Geraint (2012) Optimal educational investment: domestic equity and international competition. International Scholarly Research Network Economics, 2012: 909727. pp. 1-4. ISSN 2090-8938

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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.

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Journal Article
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International Scholarly Research Network Economics
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Copyright © 2012 Geraint Johnes. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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17 Dec 2012 16:40
Last Modified:
15 Jul 2024 13:29