English, Article edition: Education For All: A Welfare-Improving Course for Africa? Elisabeth Caucutt; Krishna B. Kumar

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  • article
Language
  • English

Edition details

Title
  • Education For All: A Welfare-Improving Course for Africa?
Author
  • Elisabeth Caucutt
  • Krishna B. Kumar
Physical Description
  • article
Notes
  • In this paper, we argue that the case for universal compulsory education for sub-Saharan Africa might have been overstated. We capture the African situation through a heterogeneous-agent model, in which high costs of education relative to income and the skill premium cause the economy to stagnate in a low steady state with minimal educational attainment. We calibrate the model to available data from the sub-Saharan African countries to study education policies. We find that a tax and in-kind subsidy scheme that effectively redistributes resources from households with lower ability children to those with higher ability children outperforms enrollment-maximizing policies such as the abolition of child labor and compulsory education. (Copyright: Elsevier)
  • Heterogeneous-agent macroeconomic models; Education subsidies; Economic stagnation
  • RePEc:red:issued:06-75
Language
  • English
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