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The Political Economy of Education: Implications for Growth and Inequality

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Author Info

  • Mark Gradstein

    () (Ben Gurion University)

  • Moshe Justman

    () (Ben Gurion University)

  • Volker Meier

    () (Ifo Institute for Economic Research)

Abstract

The dominant role played by the state in the financing, regulation, and provision of primary and secondary education reflects the widely-held belief that education is necessary for personal and societal well-being. The economic organization of education depends on political as well as market mechanisms to resolve issues that arise because of contrasting views on such matters as income inequality, social mobility, and diversity. This book provides the theoretical framework necessary for understanding the political economy of education -- the complex relationship of education, economic growth, and income distribution -- and for formulating effective policies to improve the financing and provision of education. The relatively simple models developed illustrate the use of analytical tools for understanding central policy issues. After offering a historical overview of the development of public education and a review of current econometric evidence on education, growth, and income distribution, the authors lay the theoretical groundwork for the main body of analysis. First they develop a basic static model of how political decisions determine education spending; then they extend this model dynamically. Applying this framework to a comparison of education financing under different regimes, the authors explore fiscal decentralization; individual choice between public and private schooling, including the use of education vouchers to combine public financing of education with private provision; and the social dimension of education -- its role in state-building, the traditional "melting pot" that promotes cohesion in a culturally diverse society.

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Bibliographic Info

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This book is provided by The MIT Press in its series MIT Press Books with number 0262072564 and published in 2004.

Volume: 1
Edition: 1
ISBN: 0-262-07256-4
Handle: RePEc:mtp:titles:0262072564

Contact details of provider:
Web page: http://mitpress.mit.edu

Related research

Keywords: growth; inequality; financing; regulation; education; political economy;

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Citations

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Cited by:
  1. Luis Jairo Acevedo & Paul Andrés Rodríguez, 2008. "Panem et Circenses, ¿educación pública de calidad o redistribución? Efectos de la provisión de un bien privado y su calidad por parte del sector públi," REVISTA DE ECONOMÍA DEL ROSARIO, UNIVERSIDAD DEL ROSARIO.
  2. Wolfram Merzyn & Heinrich Ursprung, 2003. "Voter Support for Privatizing Education: Evidence on Self-Interest and Ideology," CESifo Working Paper Series 999, CESifo Group Munich.
  3. Benedikt Langner & Jochen Siller, 2008. "Institutionelle Anreizfaktoren im deutschen Schulsystem: Status quo und Reformoptionen am Beispiel Nordrhein-Westfalens," Otto-Wolff-Institut Discussion Paper Series 03/2008, Otto-Wolff-Institut für Wirtschaftsordnung, Köln, Deutschland.
  4. Arcalean, Calin & Schiopu, Ioana, 2010. "Public versus private investment and growth in a hierarchical education system," Journal of Economic Dynamics and Control, Elsevier, vol. 34(4), pages 604-622, April.
  5. Gimenez, G. & Sanau, J., 2009. "Investment, Human Capital and Institutions: A Multi-equational Approach for the Study of Economic Growth, 1985-2000," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(1).
  6. Egger, Hartmut & Egger, Peter & Falkinger, Josef & Grossmann, Volker, 2005. "International Capital Market Integration, Educational Choice and Economic Growth," IZA Discussion Papers 1863, Institute for the Study of Labor (IZA).
  7. Mark Gradstein & Denis Nikitin & Heng-fu Zou, 2012. "Economic Openness and Educational Expansion," CEMA Working Papers 540, China Economics and Management Academy, Central University of Finance and Economics.
  8. Lisa Grazzini, 2009. "Istruzione, Crescita e Democrazia: le Teorie della Complessa Relazione," Working Papers Series wp2009_01.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze dell'Economia e Dell'Impresa.
  9. Ludger Woessmann, 2006. "Public-Private Partnership and Schooling Outcomes across Countries," CESifo Working Paper Series 1662, CESifo Group Munich.
  10. Waltenberg, Fabio D. & Vandenberghe, Vincent, 2007. "What does it take to achieve equality of opportunity in education?: An empirical investigation based on Brazilian data," Economics of Education Review, Elsevier, vol. 26(6), pages 709-723, December.
  11. O'Gorman, Melanie, 2010. "Educational disparity and the persistence of the black-white wage gap in the U.S," Economics of Education Review, Elsevier, vol. 29(4), pages 526-542, August.
  12. Mediha Tezcan, 2006. "The Role of Education and ICT in Economy," Papers of the Annual IUE-SUNY Cortland Conference in Economics, in: Proceedings of the Conference on Human and Economic Resources, pages 338-347 Izmir University of Economics.
  13. Ludger Wö�mann, 2006. "Bildungspolitische Lehren aus den internationalen Schülertests: Wettbewerb, Autonomie und externe Leistungsüberprüfung," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 7(3), pages 417-444, 08.
  14. Benedikt Langner, 2005. "Bildungsreform und Werteerziehung: Eine ökonomische Betrachtung," Otto-Wolff-Institut Discussion Paper Series 03/2005, Otto-Wolff-Institut für Wirtschaftsordnung, Köln, Deutschland.
  15. Niklas Potrafke, 2006. "Parties Matter in Allocating Expenditures: Evidence from Germany," Discussion Papers of DIW Berlin 652, DIW Berlin, German Institute for Economic Research.
  16. Holanda, Marcos Costa & Nogueira, Cláudio André Gondim & Petterini, Francis Carlo, 2008. "Education regulation as an instrument of income distribution: The case of Ceara," The Quarterly Review of Economics and Finance, Elsevier, vol. 48(2), pages 377-388, May.

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