Cente Unive Warb 33098
نویسنده
چکیده
The interregional mobility of high skilled workers might induce an underinvestment in local public higher education when sub-federal entities independently decide on education expenditures to maximize local output. This well-known result is due to interregional spillovers and provides a justification for coordinated education policy or rather a federal intervention. However, things might change completely when taking into account the interregional mobility of students. Now, local education expenditures not only affect labor migration (through wage differentials) but also student migration ∗University of Konstanz, Department of Economics, Box D133, D-78457 Konstanz, Germany; E-Mail: [email protected]; Phone: +49 7531 88 2305; Fax: +49 7531 88 4101
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