The distributional effects of public education in Greece in the era of depression
Date Issued
2015
Abstract
This paper examines the distributional effects of publicly provided education
services in Greece during the tumultuous period of 2009-2013; that is before the crisis
erupted and at its peak. We adopt two approaches in estimating the monetary value
of public education transfers. The ‘objective’ distributional effects of public education
are measured through static incidence analysis under the assumption that the value
of public transfers to the beneficiaries is equal to the average cost of producing the
corresponding public services. The ‘perceived’ distributional effects of public
education are measured via demand analysis through which we derive a money
metric of households’ willingness to pay for public education. The juxtaposition of
the two approaches yields empirical results which are valuable to policy makers.
services in Greece during the tumultuous period of 2009-2013; that is before the crisis
erupted and at its peak. We adopt two approaches in estimating the monetary value
of public education transfers. The ‘objective’ distributional effects of public education
are measured through static incidence analysis under the assumption that the value
of public transfers to the beneficiaries is equal to the average cost of producing the
corresponding public services. The ‘perceived’ distributional effects of public
education are measured via demand analysis through which we derive a money
metric of households’ willingness to pay for public education. The juxtaposition of
the two approaches yields empirical results which are valuable to policy makers.