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The Welfare Cost of Free Public Schools
Journal of Political Economy
Vol. 90, No. 4 (Aug., 1982), pp. 794-808
Published by: The University of Chicago Press
Stable URL: http://www.jstor.org/stable/1831353
Page Count: 15
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The welfare cost of free public schools is the difference between the cost of those schools and the maximum parents would be willing to pay to send their children to those schools. Estimates based on data from California school districts in 1970 indicate that this welfare cost is substantial, mostly because private schools are cheaper per unit of quality than public schools.
Journal of Political Economy © 1982 The University of Chicago Press