The Political Economy of Mixed Public and Private Schooling: A Dynamic Analysis

Research output: Contribution to journalArticlepeer-review

18 Scopus citations

Abstract

This paper analyzes the political economy of education, acquired through a combination of compulsory public schooling and supplementary private education, in the context of an OLG model in which growth is driven by the accumulation of human capital. The level of public schooling, fully funded by a proportional income tax, is determined by majority vote, while supplementary private education is purchased individually. We show existence of a political-economic equilibrium, and examine its characteristics, describing the evolution of the publicprivate mix over time: for moderate parameter values the share of public schooling increases as incomes rise, and inequality falls.

Original languageEnglish
Pages (from-to)297-310
Number of pages14
JournalInternational Tax and Public Finance
Volume3
Issue number3
DOIs
StatePublished - 1 Jan 1996

Keywords

  • Education
  • Growth
  • Income inequality
  • Political economy

Fingerprint

Dive into the research topics of 'The Political Economy of Mixed Public and Private Schooling: A Dynamic Analysis'. Together they form a unique fingerprint.

Cite this