LESON17A

LESON17A - enlightened" Washington Farewell Address Imperfect capital markets This would suggest that if the government funds it then there

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Econ 275 - Public Finance - Fall 1992 - 10/29/92 - Lesson #17 - leson17a.275-- Page -- Admin Bring chalk 10 minutes at the end of class. Welfare Programs Ch 14 Cash AFDC SSI In-kind housing Medicaid food stamps Efficiency issue of in-kind transfers. Government could provide same level o f utility for less money. Draw graph with kink I have a set of graphs. Go over in detail the intuition on the inefficiency of in-kind transfers Education Ch 15 Why does the government get involved with education. Is there a market failure. Equity issues, equality of opportunity. Externalities of an educated populace "The very spring and root of honesty and virtue lie in good education." Plutarch. "In proportion as the structure of a government gives force to public opinion, it is essential tht public opinion should be
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Unformatted text preview: enlightened." Washington, Farewell Address Imperfect capital markets. This would suggest that if the government funds it then there should be no problem. But there is . High default rate on student loans. Types of government funding. Funding of public schools largely through property taxes. Funding of research Funding of state universities. Directed programs-Head start subsidies for loans Pell grants. GI bills Models of education Those who get a higher return from education will invest more. Education increases productivity. Human-capital view. Econ 275 - Public Finance - Fall 1992 - 10/29/92 - Lesson #17 - leson17a.275-- Page --Screening. A signalling device to distinquish productivity types....
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This note was uploaded on 07/08/2010 for the course ECON 275 taught by Professor Mcintyre during the Winter '05 term at BYU.

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LESON17A - enlightened" Washington Farewell Address Imperfect capital markets This would suggest that if the government funds it then there

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