Redistribution Through Education and Other Transfer Mechanisms
Redistribution Through Education and Other Transfer Mechanisms
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通过教育和其他转移机制进行再分配
DOI:
10.1016/j.jmoneco.2003.01.004
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发表时间:
2001
期刊:
影响因子:
--
通讯作者:
K. Yılmaz
中科院分区:
文献类型:
--
作者:
E. Hanushek;C. Leung;K. Yılmaz
Educational subsidies are frequently justified as a method of altering the income distribution. It is thus natural to compare education to other tax-transfer schemes designed to achieve distributional objectives. While equity-efficiency trade-offs are frequently discussed, they are rarely explicitly treated. This paper creates a general equilibrium model of school attendance, labor supply, wage determination, and aggregate production, which is used to compare alternative redistribution devices in terms of both deadweight loss and distributional outcomes. A wage subsidy generally dominates tuition subsidies across a wide range of fundamental parameters for the economy. Both are generally superior to a negative income tax. With externalities in production, however, there is an unambiguous role for governmental subsidy of education, because it both raises GDP and creates a more equal income distribution.