Estimation of Drivers of Public Education Expenditure : Baumol’s Effect Revisited

Baumol’s Effect Revisited

Estimation of Drivers of Public Education Expenditure : Baumol’s Effect Revisited
This paper analyzes drivers of rising per-pupil public education spending, including Baumol's "cost disease" effect. Higher wages paid to teachers contributed significantly to the increase in per-pupil spending over the past decades. Empirical analyses using a large dataset of advanced and developing economies show that the contribution of... READ MORE...

Publication date: July 2015
ISBN 9781513517384
$18.00

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