SubsidieMeestersAdd in choice: optimizing students' dynamic and interdependent decisions
This project aims to develop a methodology using dynamic discrete choice models to analyze optimal educational choice provision, considering externalities and internalities across all education levels.
Projectdetails
Introduction
The diversity of educational opportunities has the potential to improve the situation of everyone by providing an environment adapted to the needs and goals of all. Letting parents or students choose their trajectory can improve welfare as it allows them to sort into the right program, using their private information on comparative advantages and preferences.
Challenges of Personal Choices
However, personal choices are not necessarily in line with society's objectives because of externalities. Apart from financial externalities that are inevitable in subsidized educational systems, peer effects are crucial in this context as the student composition of an educational program affects its quality.
Furthermore, from an individual perspective, the right choice is difficult to make, and behavioral biases (or internalities) are common. As a result, such choices are often restricted.
Restrictions on Choices
- Targeted vouchers open up spots for some groups of children at the cost of others.
- Grading standards prevent students from attending certain tracks or courses in high school.
- College admissions prevent completely free access.
However, there is little guidance for policymakers in knowing and realizing the optimal size and composition of different options.
Key Questions for Policymakers
- What is the right balance between choice, ability, and diversity requirements in school choice and tracking?
- Are seats in college programs optimally provided according to society's needs?
- How to incentivize students to align their choices with a societal optimum?
Project Objective
This project aims to develop a methodology to empirically analyze the optimal provision of choice using novel dynamic discrete choice models that take into account externalities and internalities. The objective is to apply this methodology to rich micro-data from the three main levels of education:
- School competition in primary education
- Tracking in secondary education
- Admission and graduation in college
Financiële details & Tijdlijn
Financiële details
| Subsidiebedrag | € 1.447.000 |
| Totale projectbegroting | € 1.447.000 |
Tijdlijn
| Startdatum | 1-3-2025 |
| Einddatum | 28-2-2030 |
| Subsidiejaar | 2025 |
Partners & Locaties
Projectpartners
- FONDATION JEAN JACQUES LAFFONT,TOULOUSE SCIENCES ECONOMIQUESpenvoerder
- ECOLE D'ECONOMIE ET DE SCIENCES SOCIALES QUANTITATIVES DE TOULOUSE - TSE
Land(en)
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