Journal article
Authors list: Egbert, Von Henrik; Hildenbrand, Andreas
Publication year: 2012
Pages: 116-128
Journal: Journal of Economics and Statistics
Volume number: 232
Issue number: 2
ISSN: 0021-4027
Publisher: De Gruyter Brill
Abstract:
Improving early childhood education and care (ECEC) services is one of the challenging duties of public authorities in Germany. We think that inefficiency with respect to the quantity as well as the quality of ECEC services is caused by the prevalent object-based financing system. In this article, we tackle the issue by providing a positive analysis to the ongoing discussion about the future of publicly financed ECEC services. We present a model of a subject-based financing system for ECEC services with tradable vouchers. On the basis of this model, it is shown that by introducing tradable vouchers a more efficient allocation of resources is possible. Further, the model indicates that tradable vouchers also improve the quality of ECEC services.
Citation Styles
Harvard Citation style: Egbert, V. and Hildenbrand, A. (2012) The Coupon Trading Approach as a Model for a Subject-based Financing System of Early Childhood Education and Care Services, Jahrbücher für Nationalökonomie und Statistik - Journal of Economics and Statistics, 232(2), pp. 116-128
APA Citation style: Egbert, V., & Hildenbrand, A. (2012). The Coupon Trading Approach as a Model for a Subject-based Financing System of Early Childhood Education and Care Services. Jahrbücher für Nationalökonomie und Statistik - Journal of Economics and Statistics. 232(2), 116-128.
Keywords
Coupon Trading Approach; Early childhood education and care; subject-based financing; vouchers; VOUCHERS
