Shutting the stable door after the horse has bolted? On educational risk and the quality of education.

Autor/inn/en	Schindler, Dirk; Weigert, Benjamin
Institution	CESifo GmbH
Titel	Shutting the stable door after the horse has bolted? On educational risk and the quality of education.
Quelle	München (2011), 27 S., 279,02 KB PDF als Volltext kostenfreie Datei (1); PDF als Volltext kostenfreie Datei (2); PDF als Volltext kostenfreie Datei (3); PDF als Volltext kostenfreie Datei (4); PDF als Volltext kostenfreie Datei (5) Link als defekt meldenVerfügbarkeit
Reihe	CESifo working paper. 3436
Sprache	englisch
Dokumenttyp	online; Monographie
Schlagwörter	Bildung; Bildungschance; Chancengleichheit; Bildungssystem; Bildungspolitik; Bildungsertrag; Lernmotivation; Steuerbelastung; Verteilungsgerechtigkeit; Humankapital; Ausgaben; Einkommensverteilung; Finanzierung; Investition; Öffentliche Ausgaben; Niedrig Qualifizierter; Quote; Transferleistung; Hoch Qualifizierter
Abstract	"We analyze whether a redistributive government should provide ex ante insurance against unfortunate outcomes or whether it should instead rely on transfers for redistributing income ex post. To this end, we develop a model of education in which individuals face educational risk and wage dispersion across two types of skills. Successful graduation and working as a skilled worker depends on individual effort in education and on public resources, but educational risk still causes (income) inequality. We show that in a second-best setting, in which learning effort is not observable, improving the quality of education by public funding of the educational sector has a significant effect and that this increases efficiency in comparison to a pure (linear) income tax with income transfers from skilled to unskilled workers. Compared to a first-best solution, providing ex ante insurance significantly gains importance relative to traditional ex post redistribution, because it simultaneously alleviates moral hazard in education. These results are strengthened when a (distortionary) skill-specific tax can be implemented." (Author's abstract, IAB-Doku). Forschungsmethode: Theoriebildung; Grundlagenforschung.
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2011/4