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Title:Institutional Effects in a Simple Model of Educational Production PDF Logo
Authors:Wößmann, Ludger
Bishop, John H.
Issue Date:2001
Series/Report no.:Kieler Arbeitspapiere 1085
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.
Subjects:educational production
principal-agent model
institutions of the education system
JEL:I20
L32
H52
Document Type:Working Paper
Appears in Collections:Kieler Arbeitspapiere, IfW
Publikationen von Forscherinnen und Forschern des IfW

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