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Education For All: A Welfare-Improving Course for Africa?

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Author Info
Elisabeth Caucutt (University of Western Ontario)
Krishna B. Kumar (Duke University)

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Abstract

In this paper, we argue that the case for universal compulsory education for sub-Saharan Africa might have been overstated. We capture the African situation through a heterogeneous-agent model, in which high costs of education relative to income and the skill premium cause the economy to stagnate in a low steady state with minimal educational attainment. We calibrate the model to available data from the sub-Saharan African countries to study education policies. We find that a tax and in-kind subsidy scheme that effectively redistributes resources from households with lower ability children to those with higher ability children outperforms enrollment-maximizing policies such as the abolition of child labor and compulsory education. (Copyright: Elsevier)

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File URL: http://dx.doi.org/10.1016/j.red.2006.11.003
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Publisher Info
Article provided by Elsevier for the Society for Economic Dynamics in its journal Review of Economic Dynamics.

Volume (Year): 10 (2007)
Issue (Month): 2 (April)
Pages: 294-326
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Handle: RePEc:red:issued:06-75

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Related research
Keywords: Heterogeneous-agent macroeconomic models Education subsidies Economic stagnation

Find related papers by JEL classification:
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
I22 - Health, Education, and Welfare - - Education - - - Educational Finance

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