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Should Education Be Publicly Provided?

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  • Trostel, Philip A

Abstract

This study suggests that a subsidy in the form of public provision has the potential to be the most efficient educational policy because it stimulates investment in human capital, which would otherwise be inefficiently low because of distortionary income taxation and possible external benefits. Moreover, it can potentially do this without grossly distorting the mix of investments in human capital. Other policies do not have the potential to achieve both these ends without introducing additional, perhaps overwhelming, problems. Thus public provision of education appears to provide incentives for human capital accumulation which are more efficient than any other feasible policy. Copyright 2002 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

Suggested Citation

  • Trostel, Philip A, 2002. "Should Education Be Publicly Provided?," Bulletin of Economic Research, Wiley Blackwell, vol. 54(4), pages 373-391, October.
    • Handle: RePEc:bla:buecrs:v:54:y:2002:i:4:p:373-91
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    Cited by:

    1. Wolfram F. Richter, 2007. "Efficient Tax Policy Ranks Education Higher than Saving," CESifo Working Paper Series 2106, CESifo.
    2. Horst Feldmann, 2019. "World Religions and Human Capital Investment: The Case of Primary Education," Journal of Interdisciplinary Economics, , vol. 31(2), pages 101-123, July.
    3. Andrea Doneschi & Rossana Patron, 2011. "Assessing incentives and risks in training decisions. A methodological note applied to the Uruguayan case," Documentos de Trabajo (working papers) 1511, Department of Economics - dECON.
    4. Duerrenberger, Nicole & Warning, Susanne, 2018. "Corruption and education in developing countries: The role of public vs. private funding of higher education," International Journal of Educational Development, Elsevier, vol. 62(C), pages 217-225.
    5. Sofia N. Andreou, 2012. "Analysis of Household Expenditure on Education in Cyprus," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 6(2), pages 17-38, December.

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