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 advance...
| Main Author: | |
|---|---|
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2015.
|
| Series: | IMF Working Papers; Working Paper ;
No. 2015/178 |
| Online Access: | Full text available on IMF |