Education Vouchers and Labour Supply

John Creedy

Australian Journal of Labour Economics (AJLE), 2010, vol. 13, issue 2, 155-173

Abstract: This paper compares labour supply behaviour under a uniform education voucher system with one involving a means-tested scheme in which the voucher is subject to a taper or withdrawal rate as parental gross income increases. Particular attention is given to the implications of nonlinear budget constraints. Parents maximise a utility function which includes their consumption, leisure and the human capital of children. The human capital production function has inputs consisting of parental human capital and expenditure on education.

Keywords: Taxation and Subsidies: Efficiency; Optimal Taxation; National Government Expenditures and Education; Publicly Provided Goods: General (search for similar items in EconPapers)
JEL-codes: H21 H4 H52 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ozl:journl:v:13:y:2010:i:2:p:155-173

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