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An Economic Rationale For Public Education: The Value Of Commitment

Mark Gradstein
Ben-Gurion University of the Negev - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute for Economic Research); Centre for Economic Policy Research (CEPR); World Bank - Development Research Group

November 1999

CESifo Working Paper Series No. 209

Abstract:
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 constitute a preferred choice for a majority of voters.

Keywords: Public Education; Human Capital Accumulation; Commitment

JEL Classifications: E62, I22

Working Paper Series

Date posted: June 17, 2001 ; Last revised: September 01, 2004

Suggested Citation

Gradstein, Mark, An Economic Rationale For Public Education: The Value Of Commitment (November 1999). CESifo Working Paper Series No. 209. Available at SSRN: http://ssrn.com/abstract=272596

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