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  How Do People Trade Off Resources Between Quick and Slow Learners?

Falch, R. (2021). How Do People Trade Off Resources Between Quick and Slow Learners?

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 Creators:
Falch, Ranveig1, Author              
Affiliations:
1Max Planck Institute for Research on Collective Goods, Max Planck Society, ou_2173688              

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Free keywords: Human capital investment, preferences, inequality, experiment, education C91, D01, D30, D63, I24, I28
 JEL: C91 - Laboratory, Individual Behavior
 JEL: D01 - Microeconomic Behavior: Underlying Principles
 JEL: D30 - General
 JEL: D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
 JEL: I24 - Education and Inequality
 JEL: I28 - Government Policy
 Abstract: How society invests in human capital is important for economic growth and social welfare. The paper reports from the first experiment designed to elicit people’s preferences for how to prioritize educational resources, where 2,000 Americans trade off educational resources between quick and slow learners. I find that they give strong priority to slow learners and assign two thirds of the educational resources to this group. Both cost efficiency and the motivation of the learners causally affect the resource allocation. The findings provide important insights for the present policy debate on how to distribute educational resources in society.

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 Dates: 2021-02-09
 Publication Status: Published online
 Pages: -
 Publishing info: Bonn : Max Planck Institute for Research on Collective Goods, Discussion Paper 2021/4
 Table of Contents: -
 Rev. Type: -
 Identifiers: Other: 2021/4
 Degree: -

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