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16 Cards in this Set
- Front
- Back
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Consumption benefit |
Utility gained from the actual process of consuming a good. eg. some enjoy the process of learning not just the outcome of being educated |
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Screening hypothesis |
when using wages to asses ability, one must note that an individual’s innate ability determinesboth her choice of education and future wage |
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Horizontal equity (vs. vertical equity) |
H- equal access to a good, beyond differences caused by income with no discrimination (Barr Power) and no shortage of information and what Gruber calls income mobility V- ensure that the education systemredistributes from rich to poor. |
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Income mobility |
low-income people have a chance to raise their incomes |
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Education production function |
A = a(S,Q,I,C,H), where A is a measure of the skills achieved by a student. Demand-side policies might affect years of schooling (S), and other inputsunder household control (I),e.g. conditional cash transfers, scholarships, pupil rewards, info campaigns. Supply-side policies might affect school and teacher characteristics (Q),and the technology that combines inputs into outputs (a),e.g. textbooks, teachers, class time..., voucher schemes, charter schools. But also child (C) and household (H) characteristics beyond state control! |
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Consumer sovereignty |
Allows consumers to better match educationalchoices to their tastes.1 |
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Healthcare vs. health |
TBD |
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Patient and doctor moral hazard |
TBD
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Adverse selection and insurance ‘death spirals’ |
TBD
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Induced demand |
TBD
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Co-payments |
TBD
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Social insurance |
TBD
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‘Equal access for equal need’ |
TBD
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Cost containment |
TBD |
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charter schools |
Schools that are publicly (tax payer) funded but privately managed. Mainly in US and Canada Academic scores and health outcomes increase, and risky behaviours decrease, among treated students relative to control. |
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Charter school effectiveness associated with: |
frequent teacher feedback; data to guide instruction; high dosage tutoring; increased instructional time, and high expectations. This bundle of 5 management practices works in math in public schools |
