| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17986 |
| 来源ID | Working Paper 17986 |
| On The Political Economy Of Educational Vouchers | |
| Dennis N. Epple; Richard Romano | |
| 发表日期 | 2012-04-12 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | Two significant challenges hamper analyses of the collective choice of educational vouchers. One is the multi-dimensional choice set arising from the interdependence of the voucher, public education spending, and taxation. Second, even absent a voucher, preferences over public spending are not single-peaked; a middling level of public school spending may be less attractive to a household than either high public school spending or private education coupled with low public spending. We show that Besley and Coate's (1997) representative democracy model provides a viable approach to overcome these hurdles. We provide a complete characterization of equilibria with an endogenous voucher. A voucher is adopted in political equilibrium provided the coefficient of variation of income is sufficiently small. We undertake a parallel quantitative analysis. We find that no voucher arises in equilibrium for the U.S. income distribution, which exhibits too much heterogeneity. For tighter income distributions, including those in Douglas County, Colorado (where a voucher was recently adopted) and in Denmark (which has a national voucher program) our model predicts a positive voucher. Public support for a not-too-large voucher arises because the cross subsidy to public school expenditure from those switching to private schools outweighs the subsidy to those who attend private school in the absence of a voucher. |
| 主题 | Microeconomics ; Welfare and Collective Choice ; Public Economics ; Public Goods ; Health, Education, and Welfare ; Education |
| URL | https://www.nber.org/papers/w17986 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575662 |
| 推荐引用方式 GB/T 7714 | Dennis N. Epple,Richard Romano. On The Political Economy Of Educational Vouchers. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17986.pdf（345KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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