Mind the Gap: Schooling, Informality, and Fiscal Externalities in Nepal

doi:10.1093/wber/lhad013

Publication:
Mind the Gap: Schooling, Informality, and Fiscal Externalities in Nepal

creativeworkseries.issn	1564-698X
dc.contributor.author	Bleakley, Hoyt
dc.contributor.author	Guptu, Bhanu
dc.date.accessioned	2024-03-27T20:22:42Z
dc.date.available	2024-03-27T20:22:42Z
dc.date.issued	2023-06-08
dc.description.abstract	While increasing years of schooling has been a long-standing development priority, the associated fiscal costs and benefits have been less studied, because of a lack of appropriate data. Recently, an UNESCO-funded project measured subsidies, by levels of schooling, from all levels of government, in eight developing countries including Nepal. The household-level Nepal Living Standards Measurement Survey provides information to estimate the degree of formality, tax payments, and benefit receipts as a function of schooling years. Using a simple Mincerlike model, this study estimates the fiscal externality of an additional year of school. It finds that within primary school, fiscal benefits and costs, on the margin, are quite balanced, with subsidies close to the present value of future taxes minus benefits. At higher levels of schooling, however, marginal fiscal benefits exceed costs by 5 percent of per capita consumption. This contrasts with previous literature on social returns and assumptions underlying multilateral development goals.	en
dc.identifier	http://documents.worldbank.org/curated/en/099634512122331075/IDU071cd07150ef0804bc80a5700b2315b826e09
dc.identifier.citation	The World Bank Economic Review
dc.identifier.doi	10.1596/41304
dc.identifier.issn	0258-6770 (print)
dc.identifier.issn	1564-698X (online)
dc.identifier.uri	https://hdl.handle.net/10986/41304
dc.language	English
dc.language.iso	en_US
dc.publisher	Published by Oxford University Press on behalf of the World Bank
dc.relation.ispartofseries	World Bank Economic Review
dc.rights	CC BY-NC-ND 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	https://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subject	TAXATION
dc.subject	SUBSIDIES
dc.subject	SCHOOLING DECISION
dc.subject	NEPAL
dc.title	Mind the Gap	en
dc.title.subtitle	Schooling, Informality, and Fiscal Externalities in Nepal	en
dc.type	Journal Article
dspace.entity.type	Publication
okr.associatedcontent	https://academic.oup.com/wber/article/37/4/659/7192208 Journal website (version of record)
okr.crossref.title	Mind the Gap: Schooling, Informality, and Fiscal Externalities in Nepal
okr.date.disclosure	2024-03-27
okr.date.lastmodified	2023-12-12T00:00:00Z	en
okr.doctype	Journal Article
okr.doctype	Publications & Research
okr.docurl	http://documents.worldbank.org/curated/en/099634512122331075/IDU071cd07150ef0804bc80a5700b2315b826e09
okr.guid	099634512122331075
okr.identifier.docmid	IDU-71cd0715-ef08-4bc8-a570-b2315b826e09
okr.identifier.doi	10.1093/wber/lhad013
okr.identifier.doi	https://doi.org/10.1596/41304
okr.identifier.externaldocumentum	34212941
okr.identifier.internaldocumentum	34212941
okr.identifier.report	186399
okr.import.id	3652
okr.imported	true	en
okr.language.supported	en
okr.pagenumber	659-674
okr.pdfurl	http://documents.worldbank.org/curated/en/099634512122331075/pdf/IDU071cd07150ef0804bc80a5700b2315b826e09.pdf	en
okr.peerreview	Academic Peer Review
okr.region.administrative	South Asia
okr.region.country	Nepal
okr.topic	Education::Economics of Education
okr.topic	Social Protections and Labor::Labor Management and Relations
okr.topic	Macroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.unit	Off of Sr VP Dev Econ/Chief Econ (DECVP)
okr.volume	37 (4)
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