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首页> 外文期刊>Journal of Economic Dynamics and Control >Government education expenditures in early and late childhood
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Government education expenditures in early and late childhood

机译：儿童早期和晚期的政府教育支出

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摘要

Human capital investment in early childhood can lead to large and persistent gains. Beyond this window of opportunity, human capital accumulation is more costly. Despite compelling evidence in support of this notion, government education spending is allocated disproportionately toward late childhood and young adulthood. We consider the consequences of a reallocation using an overlapping generations model with private and public spending on early and late childhood education. Taking as given the higher returns to early childhood investment, we find that the current allocation may nonetheless be appropriate. When we consider a homogeneous population, this can hold for moderate levels of government spending. With heterogeneity, this can hold for middle income workers. Lower income workers, by contrast, may benefit from a reallocation.
机译：早期的人力资本投资可以带来持续的巨大收益。除了这个机会之窗，人力资本积累的成本更高。尽管有令人信服的证据支持这一观点，但政府教育支出却不成比例地分配给了儿童晚期和成年青年。我们考虑使用私人和公共支出在早期和晚期儿童教育上的重叠世代模型进行重新分配的后果。考虑到儿童早期投资的较高回报，我们发现目前的分配可能仍然合适。当我们考虑同质人口时，这可以保持适度的政府支出水平。由于存在异质性，这可以适用于中等收入工人。相反，低收入工人可能会从重新分配中受益。

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