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Educational Standards in Private and Public Schools

Author

Listed:
  • Giorgio Brunello
  • Lorenzo Rocco

Abstract

When school quality increases with the educational standard set by schools, education before college need not be a hierarchy with private schools offering better quality than public schools. In our model, private schools can offer a lower educational standard at a positive price because they attract students with a relatively high cost of effort, who would find the high standards of public schools excessively demanding. We estimate the key parameters of the model and show that majority voting supports a system where private schools have higher quality in the US and public schools have higher quality in Italy. Copyright © The Author(s). Journal compilation © Royal Economic Society 2008.

Suggested Citation

  • Giorgio Brunello & Lorenzo Rocco, 2008. "Educational Standards in Private and Public Schools," Economic Journal, Royal Economic Society, vol. 118(533), pages 1866-1887, November.
    • Handle: RePEc:ecj:econjl:v:118:y:2008:i:533:p:1866-1887
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    More about this item

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods

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