The Willingness to Pay for Education in Developing Countries PDF Download
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Author: Paul Gertler
Publisher:
ISBN:
Category : Education
Languages : en
Pages : 58
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Book Description
In recent years, citing the low price elasticity of demand for schooling, some economists have advocated increasing school fees to raise revenue for educational improvements in developing countries. But elasticities alone are not enough - one must estimate the willingness to pay for schooling improvements to see whether higher fees are in fact desirable. Using a rigorous theoretical model of the demand for schooling and the principle of compensating variations, the authors calculate the willingness to pay for new secondary schools in rural Peru. They find that rural Peruvian households are indeed willing to pay fees high enough to more than cover the operating costs of opening new secondary schools in their villages. This is even true of the poorest quarter of the income distribution.
Author: Paul Gertler
Publisher:
ISBN:
Category : Education
Languages : en
Pages : 58
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Book Description
In recent years, citing the low price elasticity of demand for schooling, some economists have advocated increasing school fees to raise revenue for educational improvements in developing countries. But elasticities alone are not enough - one must estimate the willingness to pay for schooling improvements to see whether higher fees are in fact desirable. Using a rigorous theoretical model of the demand for schooling and the principle of compensating variations, the authors calculate the willingness to pay for new secondary schools in rural Peru. They find that rural Peruvian households are indeed willing to pay fees high enough to more than cover the operating costs of opening new secondary schools in their villages. This is even true of the poorest quarter of the income distribution.
Author: Mark Montgomery
Publisher: World Bank Publications
ISBN: 9780821331231
Category : Social Science
Languages : en
Pages : 112
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Book Description
Annotation World Bank Living Standards Measurement Study No. 112. Assesses evidence of a negative correlation between the number of children born and levels of child schooling by examining their determinants. In many developing countries, as parents have fewer children, they invest more in the health, education, and welfare of each child. This "quantity-quality tradeoff" is vividly illustrated in the recent economic development of Southeast Asia and Latin America. In Sub-Saharan Africa, however, the existence of such a tradeoff has not been established. The few studies conducted to date reveal either no correlation or a slightly positive one, whereby higher fertility rates are linked to greater schooling per child. This study examines the determinants of fertility and of child schooling in C te d'Ivoire and Ghana to assess evidence of a tradeoff, using data from three surveys conducted between 1985 and 1987. The results are mixed. In C te d'Ivoire, there is evidence of such a tradeoff in urban areas but not rural ones. In urban areas, female schooling, higher income, and improved child survival are associated with lower fertility and higher child schooling. In both rural and urban areas of Ghana, there is a tradeoff between fertility and child schooling with higher incomes, and, in rural Ghana, with increases in mothers' schooling. Also available in French ("La relation entre le nombre des enfants et de la scolarisation: Le cas de la C te d'Ivoire et du Ghana"): (ISBN 0-8213-3374-7) Stock No. 13374.
Author: Hollis Burnley Chenery
Publisher: Elsevier
ISBN: 9780444823014
Category : Business & Economics
Languages : en
Pages : 784
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Book Description
Handbooks of development economics/ edit. Chenery.-v.1.
Author: Jandhyala B. G. Tilak
Publisher: Taylor & Francis
ISBN: 1351379836
Category : Education
Languages : en
Pages : 236
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Book Description
This book critically examines some of the major trends in the development of higher education. It demonstrates how in the context of liberalisation, globalisation and marketisation, the crisis in higher education has assumed different dimensions in all advanced and emerging societies. The author shows how the state tends to slowly withdraw from the responsibility of higher education, including in the arena of policy-making, or simply adopts a policy of laissez-faire (of non-involvement) which helps in the rapid unbridled growth of private sector in higher education. The notion of higher education as a public good is under serious contestation in current times. The book argues for the need to resurrect the compelling nature of higher education along with its several implications for public policy and planning, while providing a broad portrayal of global developments, comparative perspectives and key lessons. The volume will be of interest to scholars and researchers of education, political science, public policy and administration, governance, development studies, economics, and those working in the higher education sectors, think-tanks, policymakers as well as NGOs.
Author: Menno Pradhan
Publisher: World Bank Publications
ISBN: 9780821331248
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
Living Standards Measurement Study No. 113. This paper analyzes the extent to which workers in Bolivia face barriers to entry in the formal and informal sectors of the urban labor market. These barriers are most prevalent in the formal sector becau
Author: Kofi Darkwa Benefo
Publisher: World Bank Publications
ISBN: 9780821327890
Category : Social Science
Languages : en
Pages : 110
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Book Description
Explains the broad range of financial instruments government policymakers can use to avoid commodity price risks caused by fluctuating prices. This hands-on book describes management techniques countries can use to avoid the financial risk that occurs when commodity prices fluctuate dramatically. It illustrates each technique in detail with practical case studies of Colombia, Costa Rica, Hungary, Papua New Guinea, Sub-Saharan Africa, and Venezuela. These financial techniques include short-term instruments and newer methods that let governments evade price risks over longer periods and raise finances that are linked to commodity prices. The new techniques include commodity loans, bonds, swaps, futures, forwards, and options. Policymakers receive clear information about how these financial instruments can manage price risk, provide access to external finance, and lower a country's credit risk. The workbook shows how risk instruments work within traditional stabilization schemes and explains which of the techniques protect against external risk. It also identifies the institutional changes and education requirements governments must meet to use the instruments effectively. This book advances the more theoretical work on the new, longer-term instruments that appears in Commodity Risk Management and Finance, published by the World Bank and Oxford University Press. Published for the World Bank by The Johns Hopkins University Press.
Author: Shahid Javed Burki
Publisher: World Bank Publications
ISBN: 9780821339855
Category : Business & Economics
Languages : en
Pages : 136
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Book Description
"Detailed discussion of reforms necessary to accelerate economic growth and reduce poverty in the region. Reforms include equity market development, civil service reform, in health and education investment, labor market liberalization, and greater trade openness"--Handbook of Latin American Studies, v. 57.
Author: Eric Alan Hanushek
Publisher: World Bank Publications
ISBN: 9780821329986
Category : Education
Languages : en
Pages : 56
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Book Description
Living Standards Measurement Study No. 107. Lost investment opportunities for society and the inefficient provision of public schooling are just some of the reasons why developing countries are concerned with low school completion rates. This study
Author: Wilfried Ver Eecke
Publisher: Purdue University Press
ISBN: 9781557534286
Category : Business & Economics
Languages : en
Pages : 752
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Book Description
Merit Goods are those goods and services that the government feels that people will under-consume and which therefore ought to be subsidized or provided free at the point of use. This is a collection of articles and papers that covers the issue of merit goods from a variety of perspectives.
Author: Francois Bourguignon
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 21
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Book Description
Measuring the incidence of public spending in education requires an intergenerational framework distinguishing between what current and future generations - that is, parents and children - give and receive. In standard distributional incidence analysis, households are assumed to receive a benefit equal to what is spent on their children enrolled in the public schooling system and, implicitly, to pay a fee proportional to their income. This paper shows that, in an intergenerational framework, this is equivalent to assuming perfectly altruistic individuals, in the sense of the dynastic model, and perfect capital markets. But in practice, credit markets are imperfect and poor households cannot borrow against the future income of their children. The authors show that under such circumstances, standard distributional incidence analysis may greatly over-estimate the progressivity of public spending in education: educational improvements that are progressive in the long-run steady state may actually be regressive for the current generation of poor adults. This is especially true where service delivery in education is highly inefficient - as it is in poor districts of many developing countries - so that the educational benefits received are relatively low in comparison with the cost of public spending. The results have implications for both policy measures and analytical approaches.
