{"title":"Optimal Educational Investment: Domestic Equity and International Competition","authors":"G. Johnes","doi":"10.2139/ssrn.1336979","DOIUrl":null,"url":null,"abstract":"We construct a family of models to analyse the effect on optimal educational investment of (i) society's preferences for equity and (ii) competition between countries. The models provide insights about the impact of a variety of parameters on optimal policy. In particular, we identify a form of 'overeducation' that is new to the literature, and provide a counterexample to a common finding in the literature on fiscal federalism.","PeriodicalId":106212,"journal":{"name":"Labor: Demographics & Economics of the Family","volume":"7 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2009-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Labor: Demographics & Economics of the Family","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.1336979","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 1
Abstract
We construct a family of models to analyse the effect on optimal educational investment of (i) society's preferences for equity and (ii) competition between countries. The models provide insights about the impact of a variety of parameters on optimal policy. In particular, we identify a form of 'overeducation' that is new to the literature, and provide a counterexample to a common finding in the literature on fiscal federalism.
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