Democratic Choice of an Education System: Implications for Growth and Income Distribution
AbstractWe use an OLG model to examine democratic choice between two modes of government support for education: subsidies for privately purchased education and free uniform public provision. We find little conflict between democracy and growth: the same factors that generate popular support for subsidization over free uniform provision--large external benefits, a large excess burden, and little inequality--also favor its relative growth performance. Furthermore, restricting the franchise to an upper- income elite may also reduce growth. Two extensions examine the effect of intergenerational mobility and indicate the theoretical possibility of periodic swings in the balance between public and private spending. Copyright 1997 by Kluwer Academic Publishers
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Bibliographic InfoArticle provided by Springer in its journal Journal of Economic Growth.
Volume (Year): 2 (1997)
Issue (Month): 2 (July)
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Web page: http://www.springerlink.com/link.asp?id=102931
Other versions of this item:
- Mark Gradstein & Moshe Justman, . "Democratic Choice of an Education System: Implications for Growth and Income Distribution," CARESS Working Papres 97-05, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
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18-96, Tel Aviv - the Sackler Institute of Economic Studies.
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