Kiel Working Papers, Kiel Institute for World Economics
No 1085:
Institutional Effects in a Simple Model of Educational Production
John H. Bishop and Ludger Wößmann
Abstract: The paper presents a model of educational production which
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.
Keywords: educational production, principal-agent model, institutions of the education system; (follow links to similar papers)
JEL-Codes: I20; L32; H52; (follow links to similar papers)
34 pages, November 2001
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