Education - EDUCATION Vouchers offerset public school crowd...

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EDUCATION - Vouchers offerset public school crowd out - Vouchers: o Consumer sovereignty allow individuals to choose freely, solve crowd out o Competition inefficient beuracracy in public schools o Lead to school spe ialization o Can lead to segreagation (race, income, ability) or could reduce segregation (segregated by public edu location) - Magnet Schools : special public schools set up to attract talented students or students interested in a particular subject or teaching style - Charter Schools : schools financed with public funds that are not usually under the direct supervision of local school boards or subject to all state regulations for schools - Making schools accountable for student peroformance - Returns to education : the benfits that accrue to society when students get more schooling or when they get schooling from a higher quality environment - Human Capital : a person’s stock of skills, which may be increased by further education –more edu get s you more money - Screening : a model that suggest edu provides only a means of separating high from low aility ndivuals and does not actually improve skills . Would get more money b/c have ability to pursue higher levels of edu and so that it what indicates they will be more productive - Human capital mode: more educated workers earn more b/c edu has raised their marginal product || screening model: more edu workers earn more because their edu has signaled high ability - HCM: govt support edu/provide loans so can get more edu and raise productivity || SM: govt. doesn’t want to support more edu for any given individual b/c edu reuturns are purely private, not social - Inc Edu: o Increased participation in political process o Lower criminal activity o Improved health
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  • Fall '13
  • WEBER
  • Taxation in the United States, higher edu

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