| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP1778
|
| DP1778 Survival of the Fittest or the Fattest? Exit and Financing in the Trucking Industry |
| Luigi Zingales
|
| 发表日期 | 1998-01-31
|
| 出版年 | 1998
|
| 语种 | 英语
|
| 摘要 | The paper studies the optimal education policy of a budget-constrained utilitarian government. Households differ in their income and in the intellectual ability of their children; income is observed by the government, but ability is private information. Households can choose to use private education, but cannot borrow to finance it. The results we obtain are striking. The optimal education policy is elitist: it increases the spread between the education achievement of the bright and the less bright children, compared to both private provision and the first-best policy. It is also such that the education received by a child depends positively on their parental income, unless they are bright. Finally, the optimal education policy is input regressive, in the sense of Arrow (1971): households with higher income and brighter children contribute less towards the cost of the education system than households with lower income and less bright children. |
| 关键词 | Education
Redistribution
Student loans
Tuition fees
|
| URL | https://cepr.org/publications/dp1778
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530922
|
推荐引用方式
GB/T 7714 |
Luigi Zingales. DP1778 Survival of the Fittest or the Fattest? Exit and Financing in the Trucking Industry. 1998.
|
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