Government education expenditures in early and late childhood

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dc.contributor.author Abington, Casey
dc.contributor.author Blankenau, William F.
dc.date.accessioned 2013-07-11T21:03:29Z
dc.date.available 2013-07-11T21:03:29Z
dc.date.issued 2013-07-11
dc.identifier.uri http://hdl.handle.net/2097/15966
dc.description.abstract Human capital investment in early childhood can lead to large and persistent gains. Beyond this window of opportunity, human capital accumulation is more costly. Despite compelling evidence in support of this notion, government education spending is allocated disproportionately toward late childhood and young adulthood. We consider the consequences of a reallocation using an overlapping generations model with private and public spending on early and late childhood education. Taking as given the higher returns to early childhood investment, we find that the current allocation may nonetheless be appropriate. When we consider a homogeneous population, this can hold for moderate levels of government spending. With heterogeneity, this can hold for middle income workers. Lower income workers, by contrast, may benefit from a reallocation. en_US
dc.language.iso en_US en_US
dc.relation.uri http://www.sciencedirect.com/science/article/pii/S016518891200231X en_US
dc.subject Government education expenditures en_US
dc.subject Human capital en_US
dc.subject Heterogeneous agents en_US
dc.subject Life-cycle model en_US
dc.title Government education expenditures in early and late childhood en_US
dc.type Article (author version) en_US
dc.date.published 2013 en_US
dc.citation.doi doi:10.1016/j.jedc.2012.12.001 en_US
dc.citation.epage 874 en_US
dc.citation.issue 4 en_US
dc.citation.jtitle Journal of Economic Dynamics & Control en_US
dc.citation.spage 854 en_US
dc.citation.volume 37 en_US
dc.contributor.authoreid blankenw en_US


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