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Balancing the risk of ‘Lazearian’ interrupters and the benefits of educational and social peers: tracing parental preferences for class-size reduction

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  • Karl Fritjof Krassel
  • Jacob Ladenburg
  • Camilla Dalsgaard

Abstract

Using Danish survey data from a choice experiment, parental preferences for class-size reduction are estimated. While parents with children in large classes are willing to pay for class-size reduction, parents with children in small classes are reluctant and even express negative utility for further class-size reduction. We interpret this as parents balancing the risk of ‘Lazearian’ interrupters and the benefits of educational and social peers when forming their preferences for class size.

Suggested Citation

  • Karl Fritjof Krassel & Jacob Ladenburg & Camilla Dalsgaard, 2016. "Balancing the risk of ‘Lazearian’ interrupters and the benefits of educational and social peers: tracing parental preferences for class-size reduction," Applied Economics Letters, Taylor & Francis Journals, vol. 23(7), pages 471-481, May.
    • Handle: RePEc:taf:apeclt:v:23:y:2016:i:7:p:471-481
    DOI: 10.1080/13504851.2015.1083073
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    4. Datar, Ashlesha & Mason, Bryce, 2008. "Do reductions in class size "crowd out" parental investment in education?," Economics of Education Review, Elsevier, vol. 27(6), pages 712-723, December.
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    6. Joshua D. Angrist & Victor Lavy, 1999. "Using Maimonides' Rule to Estimate the Effect of Class Size on Scholastic Achievement," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(2), pages 533-575.
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    Cited by:

    1. Amilon, Anna & Ladenburg, Jacob & Siren, Anu & Vernstrøm Østergaard, Stine, 2020. "Willingness to pay for long-term home care services: Evidence from a stated preferences analysis," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).
    2. Nandrup, Anne Brink, 2017. "On the importance of school-based inputs in the production of student achievement: Evidence in a recent Scandinavian context," Nationaløkonomisk tidsskrift, Nationaløkonomisk Forening, vol. 2017(1), pages 1-22.

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