Bishop, John H.; Wößmann, Ludger (2004): Institutional effects in a simple model of educational production. In: Education Economics, Vol. 12, No. 1: pp. 17-38 |
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Abstract
This paper presents a model of educational production that tries to make sense of recent evidence on effects of institutional arrangements on student performance. In a simple principal-agent framework, students choose their learning effort to maximize their net benefits, while the government chooses educational spending to maximize its net benefits. In the jointly determined equilibrium, schooling quality is shown to depend on several institutionally determined parameters. The impact on student performance of institutions such as central examinations, centralization versus school autonomy, teachers’ influence, parental influence, and competition from private schools is analyzed. Furthermore, the model can rationalize why positive resource effects may be lacking in educational production.
Item Type: | Journal article |
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Faculties: | Economics Economics > Chairs > CESifo-Professorship for Empirical Innovation Economics |
Subjects: | 300 Social sciences > 330 Economics |
Language: | English |
ID Code: | 20279 |
Deposited On: | 15. Apr 2014 08:58 |
Last Modified: | 04. Nov 2020 13:01 |
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Institutional Effects in a Simple Model of Educational Production. (deposited 15. Apr 2014 08:58)
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