TAILIEUCHUNG - Lecture note Public finance (10th Edition) - Chapter 7: Education

In this chapter, the following content will be discussed: The rationales for government involvement in education are that education generates positive externalities and it should be provided to all (commodity egalitarianism); public education does not necessarily lead to more consumption of it; evidence on whether more spending on public education improves quality or earnings is mixed;. | EDUCATION Chapter 7 Further Questions about Government Intervention in . Education System If education produces positive externalities, then it should be subsidized. However. Should public education be free and compulsory as it is in the Should government produce public education? Does free public education necessarily lead to an increase in its consumption? See next slides 7- Real Annual Expenditure Per Pupil in Public Elementary and Secondary Schools Source: US Bureau of the Census [2012, p. 8] Expenditure Per Pupil School Year (2010 dollars) 1980 $5,016 1985 6,057 1990 7,102 1995 7,322 2000 8,068 2005 8,998 2010 9,100 7- Justifying Government Intervention in Education Is Education a Public Good? Does Education Generate Positive Externalities? The Conventional Wisdom The Case Against the Conventional Wisdom The Case of Higher Education Is the Education Market Inequitable? Commodity Egalitarianism (certain goods should be available to everyone) The .

• Tài chính doanh nghiệp
• Public finance
• Lecture Public finance
• Public Economics
• Education Increase Earnings
• Public education
• Public education improves quality
• Federal system
• Fiscal federalism
• Public expenditure
• Public good
• Public spending
• Tiebout model
• Public sector economics
• Federal government
• The corporation tax
• Tax equity
• Public goods
• Public services
• Inflation taxation
• Interpreting deficit
• Burden of the debt
• Neoclassical model
• Political economy
• Median voter model
• Special interest
• Public economy
• Legal framework
• Local governments
• Market mechanism
• Coase Theorem
• Public Responses
• Public employees
• Representative democracy
• Tools of positive analysis
• Positive analysis
• Empirical work
• Normative analysis
• Tools of normative analysis
• Welfare economics
• Nature of externalities
• Graphical analysis
• Cost benefit analysis
• Internal rate
• Benefit cost ratio
• Health care market
• Social insurance
• Risk pooling
• Moral hazard
• Market for health care
• Private health insurance
• Health insurance
• Social security
• Benefit structure
• Savings behavior
• Income redistribution
• Distributional dataissues
• Income inequality
• Expenditure programs
• Expenditure programs for the poor
• Work incentives
• Income distribution
• Tax incidence
• Partial equilibrium models
• Tax on consumption bundle
• Excess burden
• Demand curves
• Equitable taxation
• Optimal commodity taxation
• The ramsey rule
• Personal income tax
• Haig simons income
• Capital gains
• Personal taxation
• Human capital accumulation
• Labor supply