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The Impact of Educational Standards on the Level and Distribution of Earnings

Опубликовано на портале: 06-02-2007
American Economic Review. 1998.  Vol. 88. No. 1. P. 266-75. 
Тематический раздел:
The goal of this paper is to present the following finding: an egalitarian policy maker might prefer higher standards than would a policy maker whose goal was to maximize the sum of earnings. The result is based on the observation that if workers are differentiated with respect to ability, an increase in educational standards will increase the earnings of both the most-able and the least-able workers. The only workers whose earnings fall are those workers who after the increase fail to continue meeting the standard.

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