文章基本信息

标题：Deficiency in Investment in Early Education: The Second-Best Optimal Levels of Investment in Later Education and Human Capital
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作者：Phung Xuan Nha ; Pham Xuan Hoan
期刊名称：Asian Social Science
印刷版ISSN：1911-2017
电子版ISSN：1911-2025
出版年度：2014
卷号：10
期号：18
页码：96
DOI：10.5539/ass.v10n18p96
出版社：Canadian Center of Science and Education
摘要：This paper extends the work of Cunha et al. (2005) by replacing an exogenously-determined target level of human capital with the optimization of a net benefit function, to address the issue of the optimal levels of education and human capital when there is an investment-deficiency in early ages. The study shows that it is not socially optimal to completely offset an investment-deficiency in early ages. Indeed, in the case of direct complementarity, an early investment-deficiency should be optimally followed by an even greater investment-deficiency the later stage. The paper rings a bell on the ambitious plan on tertiary education development in Vietnam. (Classification: J3, E2, I00.)