Andersson, Frederik; Konrad, Kai A. - Abteilung "Marktprozesse und Steuerung", … - 2001
second-best tool. Globalization that increases labor mobility reduces governments’ incentives to provide subsidized education …This paper compares education investment in closed and open economies without government and with a benevolent … government. Closed economies suffer from a holdup problem of excessive redistribution, and governments use education policy as a …