Original scientific paper

Economic Logic of Primary Education in Serbia

Ivan Stanojević orcid.org/0000-0003-3193-3068 ; Faculty of Political Sciences, University of Belgrade, Serbia

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.

Keywords

primary education; institutional failures; labour market competition; principal-agent problem; vouchers; Milton Friedman

Hrčak ID:

145789

URI

https://hrcak.srce.hr/145789

Publication date:

15.9.2014.

Article data in other languages: serbian

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