An economic rationale for public education: The value of commitment

Mark Gradstein

doi:10.1016/S0304-3932(99)00053-7

An economic rationale for public education: The value of commitment

Mark Gradstein

Research output: Contribution to journal › Article › peer-review

12 Scopus citations

Abstract

This paper offers an explanation for the widespread phenomenon of uniform public schooling, which is viewed here as a way for the government to precommit itself to restraints on future income redistribution. Such precommitment is likely to enhance accumulation of human capital, to bolster economic growth, and, under certain circumstances, to constitute a preferred choice for a majority of voters.

Original language	English
Pages (from-to)	463-474
Number of pages	12
Journal	Journal of Monetary Economics
Volume	45
Issue number	2
DOIs	https://doi.org/10.1016/S0304-3932(99)00053-7
State	Published - 1 Jan 2000
Externally published	Yes

Keywords

122
Commitment
E62
Human capital accumulation
Public education

ASJC Scopus subject areas

Finance
Economics and Econometrics

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/S0304-3932(99)00053-7

Cite this

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An economic rationale for public education: The value of commitment

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

Access to Document

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