The Distributional Bias Of Public Education
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Author | : Mr.Mark Gradstein |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 28 |
Release | : 2004-11-01 |
Genre | : Business & Economics |
ISBN | : 9781451875027 |
While public education is often intended to be progressive in its effects on income distribution, in reality its incidence is often skewed toward the rich. This paper argues that the extent of this bias is directly related to institutional weaknesses in governance. We present a simple dynamic model where weak governing institutions allow the rich to be more effective in appropriating a larger share of public education spending thereby preventing inequality reduction. The empirical part provides tentative support for this view, showing that the progressiveness of public education spending is related to the strength of governance.
Author | : Steven A. Ramirez |
Publisher | : NYU Press |
Total Pages | : 305 |
Release | : 2014-06 |
Genre | : Business & Economics |
ISBN | : 1479845329 |
In this innovative and exhaustive study, Steven A. Ramirez posits that the subprime mortgage crisis, as well as the global macroeconomic catastrophe it spawned, is traceable to a gross failure of law. The rule of law must appropriately channel and constrain the exercise of economic and political power. Used effectively, it ensures that economic opportunity isn’t limited to a small group of elites that enjoy growth at the expense of many, particularly those in vulnerable economic situations. In Lawless Capitalism, Ramirez calls for the rule of law to displace crony capitalism. Only through the rule of law, he argues, can capitalism be reconstructed.
Author | : International Panel on Social Progress (IPSP) |
Publisher | : Cambridge University Press |
Total Pages | : 971 |
Release | : 2018-07-19 |
Genre | : Business & Economics |
ISBN | : 1108502393 |
This is the first of three volumes containing a report from the International Panel on Social Progress (IPSP). The IPSP is an independent association of top research scholars with the goal of assessing methods for improving the main institutions of modern societies. Written in accessible language by scholars across the social sciences and humanities, these volumes assess the achievements of world societies in past centuries, the current trends, the dangers that we are now facing, and the possible futures in the twenty-first century. It covers the main socio-economic, political, and cultural dimensions of social progress, global as well as regional issues, and the diversity of challenges and their interplay around the world. This particular volume covers topics such as economic inequality and growth, finance and corporations, labor, capitalism, and social justice.
Author | : Mark Gradstein |
Publisher | : World Bank Publications |
Total Pages | : 16 |
Release | : 2003 |
Genre | : Education |
ISBN | : 1205145559 |
Public provision of education has often been perceived as universal and egalitarian, but in reality it is not. Political pressure typically results in incidence bias in favor of the rich. The author argues that the bias in political influence resulting from extreme income inequalities is particularly likely to generate an incidence bias, which we call social exclusion. This may then lead to a feedback mechanism whereby inequality in the incidence of public spending on education breeds higher income inequality, thus generating multiple equilibria: with social exclusion and high inequality; and with social inclusion and relatively low inequality. The author also shows that the latter equilibrium leads to higher long-run growth than the former. An extension of the basic model reveals that spillover effects among members of social groups differentiated by race or ethnicity may reinforce the support for social exclusion.
Author | : World Bank |
Publisher | : World Bank Publications |
Total Pages | : 318 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : 9780821361818 |
This publication is a practitioner's guide for analyzing the distributional impact of reforms to trade, monetary and exchange rate policy, utility provision, agricultural markets, land policy and education. These six areas of policy reform are the ones most likely to have an impact on distribution and poverty. Such analysis helps in policy formulation and development and for implementing poverty reduction strategies in developing countries. Each chapter in this volume provides an overview and guidance on the specific issues arising in the analysis of the distributional impacts of policy and institutional reforms in selected sectors.
Author | : Caroline M. Hoxby |
Publisher | : University of Chicago Press |
Total Pages | : 367 |
Release | : 2007-11-01 |
Genre | : Education |
ISBN | : 0226355349 |
Now that the U.S. Supreme Court has declared school voucher programs constitutional, the many unanswered questions concerning the potential effects of school choice will become especially pressing. Contributors to this volume draw on state-of-the-art economic methods to answer some of these questions, investigating the ways in which school choice affects a wide range of issues. Combining the results of empirical research with analyses of the basic economic forces underlying local education markets, The Economics of School Choice presents evidence concerning the impact of school choice on student achievement, school productivity, teachers, and special education. It also tackles difficult questions such as whether school choice affects where people decide to live and how choice can be integrated into a system of school financing that gives children from different backgrounds equal access to resources. Contributors discuss the latest findings on Florida's school choice program as well as voucher programs and charter schools in several other states. The resulting volume not only reveals the promise of school choice, but examines its pitfalls as well, showing how programs can be designed that exploit the idea's potential but avoid its worst effects. With school choice programs gradually becoming both more possible and more popular, this book stands out as an essential exploration of the effects such programs will have, and a necessary resource for anyone interested in the idea of school choice.
Author | : Ms.Era Dabla-Norris |
Publisher | : International Monetary Fund |
Total Pages | : 39 |
Release | : 2015-06-15 |
Genre | : Business & Economics |
ISBN | : 1513555189 |
This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.
Author | : Byron W. Brown |
Publisher | : |
Total Pages | : 48 |
Release | : 1976 |
Genre | : Distribution (Economic theory) |
ISBN | : |
Author | : Jeffrey G. Williamson |
Publisher | : Routledge |
Total Pages | : 384 |
Release | : 2013-11-05 |
Genre | : Business & Economics |
ISBN | : 1136589023 |
First Published in 2005. This thirteen-chapter title is divided into three parts and concludes with five appendices, references, and index. The first part focuses on income inequality and the historical state of wages. The second begins the discussion on the driving forces of economic inequality and equilibrating factors. The third provides a model for inequality in a resource-scarce open economy with data, theory, and debate. Appropriate for economic students and those interested in British economic history.
Author | : Boston College. Center for Field Research and School Services |
Publisher | : |
Total Pages | : 780 |
Release | : 1971 |
Genre | : Government aid to private schools |
ISBN | : |