Human Capital Accumulation in a Federation

Daniele Coen-Pirani

No 699, 2014 Meeting Papers from Society for Economic Dynamics

Abstract: More than half of the variation across U.S. school districts in real K-12 education expenditures per student is due to differences between, rather than within, states. I study the welfare implications of redistribution of education expenditures by the Federal government, using an analytically tractable model of human capital accumulation with heterogeneous agents and endogenous state policies. The net welfare effect of Federal redistribution depends on a trade-off between the positive effect of redistributing resources toward poorer states and the negative effect resulting from misallocation of population across states. Federal redistribution increases welfare in a calibrated version of the model.

Date: 2014
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Journal Article: Human capital accumulation in a federation (2015)
Working Paper: Human Capital Accumulation in a Federation (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed014:699

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