Equal Educational Opportunity and the Significance of Circumstantial Knowledge
The contributions of a school and pupil to learning are isolated with a unique interpretation of the education production function. Variance in pre-test scores and study time is then discovered to constrain efficiency and equal opportunity within schools. This dispersion creates the potential for Pareto exchange between schools resulting in higher and more equal educational opportunity among pupils across several schools. Finally, a voucher policy empowers persons possessing the necessary circumstantial knowledge for recognizing these Pareto exchanges to execute them.
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Volume (Year): 8 (2000)
Issue (Month): 3 ()
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