English, Article, Journal or magazine article edition: On the Role of Job Assignment in a Comparison of Education Systems Katsuya Takii; Ryuichi Tanaka

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Bookmark: http://trove.nla.gov.au/version/17072
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • On the Role of Job Assignment in a Comparison of Education Systems
Author
  • Katsuya Takii
  • Ryuichi Tanaka
Physical Description
  • preprint
Notes
  • This paper reexamines how differences in systems for financing education influence GDP by highlighting a neglected function of education policy: it affects the magnitude of gains from job assignment. When more productive jobs demand more skill, privately financed education can increase productivity gains from matching between jobs and skill by increasing the availability of highly educated people. This differs from the standard argument that publicly financed education increases the total amount of human capital by equalizing educational opportunities. It is shown that if job opportunities have large variations in productivity, education policy may face a serious efficiency--equity trade-off.
  • Job assignment, Human capital, Education system
  • RePEc:osp:wpaper:09e005
Language
  • English
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