An Economic Rationale for Public Education: The Value of Commitment

Mark Gradstein ()

No 209, CESifo Working Paper Series from CESifo

Abstract: This paper offers an explanation for the widespread phenomenon of uniform public schooling, which is viewed here as a way for the government to precommit itself to restraints on future income redistribution. Such precommitment is likely to enhance accumulation of human capital, to bolster economic growth, and, under certain circumstances, to constitu te a preferred choice for a majority of voters.

Keywords: Public Education; Human Capital Accumulation; Commitment (search for similar items in EconPapers)
Date: 1999
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Citations: View citations in EconPapers (5)

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Journal Article: An economic rationale for public education: The value of commitment (2000)
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