The Political Economy of Education: Implications for Growth and Inequality (CESifo Book Series)

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9780262072564: The Political Economy of Education: Implications for Growth and Inequality (CESifo Book Series)

A theoretical framework for analyzing the complex relationship of education, growth, and income distribution.

The dominant role played by the state in the financing, regulation, and provision of primary and secondary education reflects the widely-held belief that education is necessary for personal and societal well-being. The economic organization of education depends on political as well as market mechanisms to resolve issues that arise because of contrasting views on such matters as income inequality, social mobility, and diversity. This book provides the theoretical framework necessary for understanding the political economy of education -- the complex relationship of education, economic growth, and income distribution -- and for formulating effective policies to improve the financing and provision of education. The relatively simple models developed illustrate the use of analytical tools for understanding central policy issues.After offering a historical overview of the development of public education and a review of current econometric evidence on education, growth, and income distribution, the authors lay the theoretical groundwork for the main body of analysis. First they develop a basic static model of how political decisions determine education spending; then they extend this model dynamically. Applying this framework to a comparison of education financing under different regimes, the authors explore fiscal decentralization; individual choice between public and private schooling, including the use of education vouchers to combine public financing of education with private provision; and the social dimension of education -- its role in state-building, the traditional "melting pot" that promotes cohesion in a culturally diverse society.

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From the Inside Flap:

"This short but very ambitious book is the first work to systematically correlate public and private education decisions with outcomes of schooling. The authors' simple formal models provide a structure for thinking clearly about the educational choices society faces. The book will surely motivate further theoretical and empirical study."
--Eric Hanushek, Hoover Institution, Stanford University

"Education is a key factor in the evolution of societies, one which both affects and reflects the pace of a country's economic growth, the extent of its inequality, and its general social structures. This book offers a brilliant and remarkably clear synthesis of recent work by the economic profession on this complex set of interactions. There is no doubt that it will be an essential reference on the economics of education and education policy for some time."
--Francois Bourguignon, Chief Economist and Senior Vice President, Development Economics, The World Bank

"A first-rate, rigorous treatise formalizing important issues in the economics of education, including efficiency, equity, and key social externalities. Highly recommended."
--H. M. Levin, William Heard Kilpatrick Professor of Economics and Education, Teachers College, Columbia University, and David Jacks Professor of Education and Economics, Emeritus, Stanford University

About the Author:

Volker Meier is a Research Associate at the Ifo Institute for Economic Research and a Research Fellow at CESifo.

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Mark Gradstein, Moshe Justman, Volker Meier
Editorial: MIT Press Ltd, United States (2004)
ISBN 10: 0262072564 ISBN 13: 9780262072564
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Descripción MIT Press Ltd, United States, 2004. Hardback. Estado de conservación: New. Language: English . Brand New Book. The dominant role played by the state in the financing, regulation, and provision of primary and secondary education reflects the widely-held belief that education is necessary for personal and societal well-being. The economic organization of education depends on political as well as market mechanisms to resolve issues that arise because of contrasting views on such matters as income inequality, social mobility, and diversity. This book provides the theoretical framework necessary for understanding the political economy of education -- the complex relationship of education, economic growth, and income distribution -- and for formulating effective policies to improve the financing and provision of education. The relatively simple models developed illustrate the use of analytical tools for understanding central policy issues.After offering a historical overview of the development of public education and a review of current econometric evidence on education, growth, and income distribution, the authors lay the theoretical groundwork for the main body of analysis. First they develop a basic static model of how political decisions determine education spending; then they extend this model dynamically. Applying this framework to a comparison of education financing under different regimes, the authors explore fiscal decentralization; individual choice between public and private schooling, including the use of education vouchers to combine public financing of education with private provision; and the social dimension of education -- its role in state-building, the traditional melting pot that promotes cohesion in a culturally diverse society. Nº de ref. de la librería AAU9780262072564

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Mark Gradstein, Moshe Justman, Volker Meier
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Descripción MIT Press Ltd, United States, 2004. Hardback. Estado de conservación: New. Language: English . Brand New Book. The dominant role played by the state in the financing, regulation, and provision of primary and secondary education reflects the widely-held belief that education is necessary for personal and societal well-being. The economic organization of education depends on political as well as market mechanisms to resolve issues that arise because of contrasting views on such matters as income inequality, social mobility, and diversity. This book provides the theoretical framework necessary for understanding the political economy of education -- the complex relationship of education, economic growth, and income distribution -- and for formulating effective policies to improve the financing and provision of education. The relatively simple models developed illustrate the use of analytical tools for understanding central policy issues.After offering a historical overview of the development of public education and a review of current econometric evidence on education, growth, and income distribution, the authors lay the theoretical groundwork for the main body of analysis. First they develop a basic static model of how political decisions determine education spending; then they extend this model dynamically. Applying this framework to a comparison of education financing under different regimes, the authors explore fiscal decentralization; individual choice between public and private schooling, including the use of education vouchers to combine public financing of education with private provision; and the social dimension of education -- its role in state-building, the traditional melting pot that promotes cohesion in a culturally diverse society. Nº de ref. de la librería AAU9780262072564

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Mark Gradstein, Moshe Justman, Volker Meier
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Descripción MIT Press Ltd, United States, 2004. Hardback. Estado de conservación: New. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. A theoretical framework for analyzing the complex relationship of education, growth, and income distribution.The dominant role played by the state in the financing, regulation, and provision of primary and secondary education reflects the widely-held belief that education is necessary for personal and societal well-being. The economic organization of education depends on political as well as market mechanisms to resolve issues that arise because of contrasting views on such matters as income inequality, social mobility, and diversity. This book provides the theoretical framework necessary for understanding the political economy of education -- the complex relationship of education, economic growth, and income distribution -- and for formulating effective policies to improve the financing and provision of education. The relatively simple models developed illustrate the use of analytical tools for understanding central policy issues.After offering a historical overview of the development of public education and a review of current econometric evidence on education, growth, and income distribution, the authors lay the theoretical groundwork for the main body of analysis. First they develop a basic static model of how political decisions determine education spending; then they extend this model dynamically. Applying this framework to a comparison of education financing under different regimes, the authors explore fiscal decentralization; individual choice between public and private schooling, including the use of education vouchers to combine public financing of education with private provision; and the social dimension of education -- its role in state-building, the traditional melting pot that promotes cohesion in a culturally diverse society. Nº de ref. de la librería BTE9780262072564

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Descripción Mit University Press Group Ltd, 2004. Estado de conservación: New. Nº de ref. de la librería EH9780262072564

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Descripción MIT Press Ltd, 2004. Estado de conservación: New. A theoretical framework for analyzing the complex relationship of education, growth, and income distribution. Series: CESifo Book Series. Num Pages: 176 pages, 10 illus. BIC Classification: JNA; KCP. Category: (P) Professional & Vocational. Dimension: 234 x 160 x 19. Weight in Grams: 406. . 2004. Hardcover. . . . . . Nº de ref. de la librería V9780262072564

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Descripción MIT Press Ltd. Estado de conservación: New. A theoretical framework for analyzing the complex relationship of education, growth, and income distribution. Series: CESifo Book Series. Num Pages: 176 pages, 10 illus. BIC Classification: JNA; KCP. Category: (P) Professional & Vocational. Dimension: 234 x 160 x 19. Weight in Grams: 406. . 2004. Hardcover. . . . . Books ship from the US and Ireland. Nº de ref. de la librería V9780262072564

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Descripción MIT Press Ltd. Hardback. Estado de conservación: new. BRAND NEW, The Political Economy of Education: Implications for Growth and Inequality, Mark Gradstein, Moshe Justman, Volker Meier, The dominant role played by the state in the financing, regulation, and provision of primary and secondary education reflects the widely-held belief that education is necessary for personal and societal well-being. The economic organization of education depends on political as well as market mechanisms to resolve issues that arise because of contrasting views on such matters as income inequality, social mobility, and diversity. This book provides the theoretical framework necessary for understanding the political economy of education -- the complex relationship of education, economic growth, and income distribution -- and for formulating effective policies to improve the financing and provision of education. The relatively simple models developed illustrate the use of analytical tools for understanding central policy issues.After offering a historical overview of the development of public education and a review of current econometric evidence on education, growth, and income distribution, the authors lay the theoretical groundwork for the main body of analysis. First they develop a basic static model of how political decisions determine education spending; then they extend this model dynamically. Applying this framework to a comparison of education financing under different regimes, the authors explore fiscal decentralization; individual choice between public and private schooling, including the use of education vouchers to combine public financing of education with private provision; and the social dimension of education -- its role in state-building, the traditional "melting pot" that promotes cohesion in a culturally diverse society. Nº de ref. de la librería B9780262072564

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Descripción MIT Press, 2004. Estado de conservación: New. book. Nº de ref. de la librería ria9780262072564_rkm

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Descripción 2004. HRD. Estado de conservación: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Nº de ref. de la librería TM-9780262072564

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