Journal article
Allocating government education expenditures across K-12 and college education
Economic theory, Vol.31(1), pp.85-112
04/01/2007
DOI: 10.1007/s00199-006-0084-8
Abstract
As of the late 1990s, public spending on education in the US comprised approximately 7.1% of GDP; about 60% of that support was directed at K-12 education and the remainder at college education. We investigate the welfare and output implications of this spending in a theoretical model in which agents of differential innate ability choose whether to pursue higher education. Higher ability agents support greater expenditures at both the K-12 and college levels. When public education expenditures are low, all agents prefer that spending be directed solely to K-12 education; when expenditures are high, all prefer that some spending be allocated to college education.
Details
- Title: Subtitle
- Allocating government education expenditures across K-12 and college education
- Creators
- William Blankenau - Kansas State UniversitySteven P. Cassou - Kansas State UniversityBeth Ingram - University of Iowa
- Resource Type
- Journal article
- Publication Details
- Economic theory, Vol.31(1), pp.85-112
- DOI
- 10.1007/s00199-006-0084-8
- ISSN
- 0938-2259
- eISSN
- 1432-0479
- Number of pages
- 28
- Language
- English
- Date published
- 04/01/2007
- Academic Unit
- Economics
- Record Identifier
- 9984962895002771
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