| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25117 |
| 来源ID | Working Paper 25117 |
| Is Education Consumption or Investment? Implications for the Effect of School Competition | |
| W. Bentley MacLeod; Miguel Urquiola | |
| 发表日期 | 2018-10-08 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Friedman (1955) argued that giving parents freedom to choose schools would improve education. His argument was simple and compelling because it extended results from markets for consumer goods to education. We review the evidence, which yields surprisingly mixed results on Friedman’s prediction. A key reason is that households often seem to choose schools based on their absolute achievement rather than their value added. We show this can be rational in a model based on three ingredients economists have highlighted since Friedman worked on the issue. First, education is an investment into human capital (Becker, 1964). Second, labor markets can feature wage premia: individuals of a given skill level may receive higher wages if they match to more productive firms (Card et al., 2018). Third, distance influences school choice and the placements schools produce (Abdulkadiroglu et al., 2017, Weinstein, 2017). These imply that choice alone is too crude a mechanism to ensure the effective provision of schooling. |
| 主题 | Health, Education, and Welfare ; Education ; Labor Economics |
| URL | https://www.nber.org/papers/w25117 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/582791 |
| 推荐引用方式 GB/T 7714 | W. Bentley MacLeod,Miguel Urquiola. Is Education Consumption or Investment? Implications for the Effect of School Competition. 2018. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w25117.pdf（441KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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