Institutional Effects in a Simple Model of Educational Production

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 484

Classification and Topics

• Classification: Wirtschaft ; National Government Expenditures and Education ; Public Enterprises; Public-Private Enterprises ; Education and Research Institutions: General
• Subject: educational production ; principal-agent model ; institutions of the education system ; Bildungsökonomik ; Institutionalismus ; Bildungsniveau ; Bildungsverhalten ; Bildungspolitik ; Agency Theory ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bishop, John H. ; Woessmann, Ludger
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2002

Further information

• Handle: http://hdl.handle.net/10419/21473
• Last update: 10.03.2025, 11:43 AM CET