On the political economy of education subsidies.
Standard models of public education provision predict an implicit transfer of resources from higher-income individuals toward lower-income individuals. Many studies have documented that public higher education involves a transfer in the reverse direction. We show that this pattern of redistributio...
| Publicado en: | Review of Economic Studies Vol. 62; pp. 249 - 263 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Oxford University Press / UK
April 1995
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=512598984&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 512598984 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00346527 REM jtl: Review of Economic Studies issn: 00346527 maglogo: N pubinfo: dt: April 1995 vid: 62 pid: 622 pub: Oxford University Press / UK artinfo: ui: 512598984 10.2307/2297804 ppf: 249 ppct: 14 formats: tig: atl: On the political economy of education subsidies. aug: au: Fernandez, Raquel Rogerson, Richard su: Resource allocation -- Mathematical models University & college finance Higher education & economics sug: subj: Resource allocation -- Mathematical models University & college finance Higher education & economics ab: Standard models of public education provision predict an implicit transfer of resources from higher-income individuals toward lower-income individuals. Many studies have documented that public higher education involves a transfer in the reverse direction. We show that this pattern of redistribution is an equilibrium outcome in a model in which education is only partially publicly provided and individuals vote over the extent to which it is subsidized. We characterize economies in which poorer individuals are effectively excluded from obtaining an education and their tax payments help offset the cost of education obtained by others. We show that increased inequality in the income distribution makes this outcome more likely and that the efficiency implications of this exclusion depend on the wealth of the economy. Reprinted by permission of Review of Economic Studies Ltd. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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