Empirical and theoretical studies show that the local provision of public education affects the well being of individuals through two channels: the first reflects the direct use of the good, whereas the second runs through the value of the housing. The second effect leans on the idea that the quality of public education is capitalized into the value of the own housing. Empirical evidence finds that in a multi-community model childless households support local public spending in education because of the capitalization effect. I study the behavior of childless households, not necessarily elderly, in a two community model and show that the capitalization effect may not be a sufficient condition for middle aged households without children to support local public spending in education by a majority voting.
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Paper provided by Department of Economics, University of Leicester in its series Discussion Papers in Economics with number
07/02.
Length: Date of creation: Feb 2007 Date of revision: Handle: RePEc:lec:leecon:07/2
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Find related papers by JEL classification: H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures I22 - Health, Education, and Welfare - - Education - - - Educational Finance R2 - Urban, Rural, and Regional Economics - - Household Analysis
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