On the Political Economy of Education Subsidies
On the Political Economy of Education Subsidies
复制标题
论教育补贴的政治经济学
DOI:
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发表时间:
1995
期刊:
影响因子:
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通讯作者:
Richard Rogerson
中科院分区:
文献类型:
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作者:
Raquel Fernández;Richard Rogerson
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.