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来源类型Working Paper
规范类型报告
DOI10.3386/w26425
来源IDWorking Paper 26425
Government Expenditure on the Public Education System
Chao Fu; Shoya Ishimaru; John Kennan
发表日期2019-11-04
出版年2019
语种英语
摘要We investigate equilibrium impacts of federal policies such as free-college proposals, taking into account that human capital production is cumulative and that state governments have resource constraints. In the model, a state government cares about household welfare and aggregate educational attainment. Realizing that household choices vary with its decisions, the government chooses income tax rates, per-student expenditure levels on public K-12 and college education, college tuition and the provision of other public goods, subject to its budget constraint. We estimate the model using data from the U.S. Using counterfactual simulations, we find that free-public-college policies, mandatory or subsidized, would decrease state expenditure on and hence the quality of public education. More students would obtain college degrees due to increased enrollment. Over 86% of all households would lose while about 60% of the lowest income quintile would gain from such policies.
主题Health, Education, and Welfare ; Labor Economics ; Labor Supply and Demand
URLhttps://www.nber.org/papers/w26425
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/584097
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GB/T 7714
Chao Fu,Shoya Ishimaru,John Kennan. Government Expenditure on the Public Education System. 2019.
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