Institutional Effects in a Simple Model of Educational Production

John Bishop and Ludger Wossmann
Authors registered in the RePEc Author Service: Ludger Woessmann

Education Economics, 2004, vol. 12, issue 1, 17-38

Abstract: This paper presents a model of educational production that tries to make sense of recent evidence on effects of institutional arrangements on student performance. In a simple principal-agent framework, students choose their learning effort to maximize their net benefits, while the government chooses educational spending to maximize its net benefits. In the jointly determined equilibrium, schooling quality is shown to depend on several institutionally determined parameters. The impact on student performance of institutions such as central examinations, centralization versus school autonomy, teachers' influence, parental influence, and competition from private schools is analyzed. Furthermore, the model can rationalize why positive resource effects may be lacking in educational production.

Keywords: educational production; principal-agent model; institutions of the education system (search for similar items in EconPapers)
Date: 2004
References: View complete reference list from CitEc
Citations: View citations in EconPapers (78)

Downloads: (external link)
http://www.tandfonline.com/10.1080/0964529042000193934 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Institutional effects in a simple model of educational production (2004)
Working Paper: Institutional Effects in a Simple Model of Educational Production (2002)
Working Paper: Institutional Effects in a Simple Model of Educational Production (2002)
Working Paper: Institutional Effects in a Simple Model of Educational Production (2001)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:edecon:v:12:y:2004:i:1:p:17-38

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CEDE20

DOI: 10.1080/0964529042000193934

Access Statistics for this article

Education Economics is currently edited by Caren Wareing and Steve Bradley

More articles in Education Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().