Publication:
Redistribution through education and other transfer mechanisms

dc.contributor.coauthorHanushek, Eric A.
dc.contributor.coauthorLeung, Charles Ka Yui
dc.contributor.departmentDepartment of Economics
dc.contributor.kuauthorYılmaz, Kuzey
dc.contributor.kuprofileFaculty Member
dc.contributor.yokidN/A
dc.date.accessioned2024-11-09T23:18:44Z
dc.date.issued2003
dc.description.abstractEducational subsidies are frequently justified as a method of altering the income distribution. It is thus natural to compare education to other tax-transfer schemes designed to achieve distributional objectives. While equity-efficiency trade-offs are frequently discussed, they are rarely explicitly treated. This paper creates a general equilibrium model of school attendance, labor supply, wage determination, and aggregate production, which is used to compare alternative redistribution devices in terms of both deadweight loss and distributional outcomes. A wage subsidy generally dominates tuition subsidies across a wide range of fundamental parameters for the economy. Both are generally superior to a negative income tax. With externalities in production, however, there is an unambiguous role for governmental subsidy of education, because it both raises GDP and creates a more equal income distribution.
dc.description.indexedbyWoS
dc.description.indexedbyScopus
dc.description.issue8
dc.description.openaccessNO
dc.description.publisherscopeInternational
dc.description.volume50
dc.identifier.doi10.1016/j.jmoneco.2003.01.004
dc.identifier.issn0304-3932
dc.identifier.quartileQ1
dc.identifier.scopus2-s2.0-0345446605
dc.identifier.urihttp://dx.doi.org/10.1016/j.jmoneco.2003.01.004
dc.identifier.urihttps://hdl.handle.net/20.500.14288/10435
dc.identifier.wos187348900005
dc.keywordsEquity-efficiency tradeoff
dc.keywordsEndogenous policy
dc.keywordsRedistribution
dc.keywordsExternalities
dc.languageEnglish
dc.publisherElsevier
dc.sourceJournal of Monetary Economics
dc.subjectBusiness enterprises
dc.subjectFinance
dc.subjectEconomics
dc.titleRedistribution through education and other transfer mechanisms
dc.typeJournal Article
dspace.entity.typePublication
local.contributor.authorid0000-0001-6172-5126
local.contributor.kuauthorYılmaz, Kuzey
local.publication.orgunit1College of Administrative Sciences and Economics
local.publication.orgunit2Department of Economics
relation.isOrgUnitOfPublication7ad2a3bb-d8d9-4cbd-a6a3-3ca4b30b40c3
relation.isOrgUnitOfPublication.latestForDiscovery7ad2a3bb-d8d9-4cbd-a6a3-3ca4b30b40c3

Files