Economic Logic of Primary Education in Serbia Cover Image

Ekonomska logika osnovnog obrazovanja u srbiji
Economic Logic of Primary Education in Serbia

Author(s): Ivan Stanojević
Subject(s): Education
Published by: Fakultet političkih nauka Univerziteta u Beogradu & Fakultet političkih znanosti u Zagrebu
Keywords: Primary education; institutional failures; labour market competition; principal-agent problem; vouchers; Milton Friedman

Summary/Abstract: This paper identifies institutional obstacles that prevent improvement of quality of primary education in public schools in Serbia. Using microeconomic analysis author explains how the institutions generate negative incentives for employees in public schools. The author candidates Milton Friedman’s voucher model for financing primary education as a solution for this problem.

  • Issue Year: 4/2014
  • Issue No: 11
  • Page Range: 23-38
  • Page Count: 16
  • Language: Serbian