An Economic Rationale for Public Education: The Value of Commitment

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 constitu te a preferred choice for a majority of voters.

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Year of publication:	1999
Authors:	Gradstein, Mark
Institutions:	CESifo
Subject:	Public Education \| Human Capital Accumulation \| Commitment

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Extent:	application/pdf
Series:	CESifo Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 209
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005766315