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Sur le rôle de l’assignation des emplois dans les comparaisons entre systèmes d’éducation .
Author(s) -
Takii Katsuya,
Tanaka Ryuichi
Publication year - 2013
Publication title -
canadian journal of economics/revue canadienne d'économique
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.773
H-Index - 69
eISSN - 1540-5982
pISSN - 0008-4085
DOI - 10.1111/caje.12009
Subject(s) - human capital , matching (statistics) , equity (law) , productivity , labour economics , economics , function (biology) , argument (complex analysis) , job creation , economic growth , political science , biochemistry , statistics , chemistry , mathematics , evolutionary biology , law , biology
Abstract This paper re‐examines 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.