Template-Type: ReDIF-Paper 1.0
Author-Name: G Johnes
Author-Name-First: G
Author-Name-Last: Johnes
Title: Optimal Educational Investment: Domestic Equity and International Competition
Abstract: We construct a family of models to analyse the effect on optimal educational investment of (i) society's preferences for equity and (ii) competition between countries. The models provide insights about the impact of a variety of parameters on optimal policy. In particular, we identify a form of 'overeducation' that is new to the literature, and provide a counterexample to a common finding in the literature on fiscal federalism.
Creation-Date: 2009
File-URL: http://www.lancaster.ac.uk/media/lancaster-university/content-assets/documents/lums/economics/working-papers/OptimalEducation.pdf
File-Format: application/pdf
Number: 598752
Classification-JEL: 
Keywords: education, taxation, income distribution, competition
Handle: RePEc:lan:wpaper:598752