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. 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.

Item Type: Journal Article
Journal or Publication Title: International Scholarly Research Network Economics
Additional Information: 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.
Uncontrolled Keywords: /dk/atira/pure/subjectarea/aacsb/disciplinebasedresearch
Departments: VC's Office
Lancaster University Management School > Economics
ID Code: 60914
Deposited By: ep_importer_pure
Deposited On: 17 Dec 2012 16:40
Refereed?: Yes
Published?: Published
Last Modified: 19 Feb 2020 01:47
URI: https://eprints.lancs.ac.uk/id/eprint/60914

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