market in education fan-sing hung the chinese university of hong kong
TRANSCRIPT
![Page 1: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/1.jpg)
Market in Education
Fan-sing Hung
The Chinese University of Hong Kong
![Page 2: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/2.jpg)
plan
• Government failure: why and what’ll happen?
• Public ed. failure: why and what’ll happen?
• Market in ed.: mk’t forces, mk’t consequences
• finance & operation of ed.: gov’t versus market
• School Voucher Scheme• Direct Subsidy Scheme
![Page 3: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/3.jpg)
Gov’t failure: why?
• Gov’t monopoly– lack of competition– take for granted
• Producer-oriented– no risk-taking, no mistake– red-tape– production according to gov’t officials
![Page 4: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/4.jpg)
Gov’t failure: why?
• Non-market decision making– politician interest: election– gov’t bureaucrat & employee interests: expansion, promotion, salary increase, provider captured
![Page 5: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/5.jpg)
Gov’t failure: what will happen?
• high price• low efficiency• lack of choice, lack of due attention to consumer preference
• slow in change adjustment• market distortion• rent-seeking, corruption, abuse of gov’t power
![Page 6: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/6.jpg)
Public ed.failure: why?
• Gov’t officials not educationally professional
• Public ed. tends to be– mass production, standardized– top-down, bureaucractic – monopolized by one entity (i.e. gov’t)
– risk averting, lack of innovation
![Page 7: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/7.jpg)
Public ed.failure: what’ll happen?
• Educational efficiency drops• Educational choice narrows• Educational innovation averted
• Lack of educational initiative
• Lack of educational incentive• Bureaucrat mindset driven
![Page 8: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/8.jpg)
Market in ed.: market forces
• Price determined by free interaction between supply & demand
• Consumer preference – choice of school, teaching & learning, curriculum, teachers
• Provider motives – quality improvement
![Page 9: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/9.jpg)
Market in ed.: market forces
• Information accessible and available – quality of education
• Free mobility of resources – school, curriculum, teaching & learning, teachers, materials
![Page 10: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/10.jpg)
Market consequences
• Product differentiation (curriculum, teaching & learning, teacher, school, ….
• Price competition• Reward/penalty by the market• Innovation stimulated
![Page 11: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/11.jpg)
Finance & Operation of Education
• Not necessarily all by the gov’t
• Finance can be made by the gov’t if deemed necessary
• BUT operation can be in the hands of private individuals/organizations, for or not for profits making
![Page 12: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/12.jpg)
School Voucher System
• Eliminate/reduce government bureaucracy
• Increase competition among schools
• Increase parents’ choice of education
• Efficiency in education thus increased in the end of the day
![Page 13: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/13.jpg)
School Voucher System
• Universal versus Limited Voucher (scale, target, $ amount, mandatory vs voluntary, …)
• However, 3 domains to consider– Finance– Regulation– Information
![Page 14: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/14.jpg)
Direct Subsidy Scheme in HK
• Autonomy in student admission, teacher and personnel establishment, curriculum, instruction, fees charged
• Gov’t subsidy on per head basis• Much higher subsidy from the gov’t than aided school
• Financially enhanced than aided schools
![Page 15: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/15.jpg)
DSS Development
• 1988: DSS (for secondary school) (recommended in EC Report No. 3)
• 1998: review of private school policy
• 2000-2001: DSS extended to primary school
• 2001-2002: new measures introduced to DSS
![Page 16: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/16.jpg)
Old and New DSS Compared Year Fee DSS MaxEffective Total Income
1988 <= 2/3X X 1 2/3X 2/3X-1 5/12X X-1/4X 1 2/3X >1 5/12 X ¼ X >= 1 2/3 X
2001 <=21/3X X 31/3X
Gain (or Loss)(2001)-(1988) = + 12/3X = + 1.67 times of X
![Page 17: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/17.jpg)
『直資』 : 概念的討論
• 教育的資助 vs 教育的經營 教育的市 ( 競爭 ) 機制 教育多元化 教育選擇 教育的成本效益分析•
![Page 18: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/18.jpg)
『直資』 : 政策的檢視
• 『直資』的理念是甚麼? 『直資』學校是私校嗎? 『直資』學校 vs 資助學校 : 有何不同? 『直資』可帶來市場競爭嗎? 『直資』可帶來教育多元化嗎? 『直資』可帶來教育選擇嗎?•
![Page 19: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/19.jpg)
『直資』 : 具體措施的檢視
“Give” and “Take” 資助轉『直資』 vs 全新開辦『直
資』 : 應否有所不同 ? 資產流失 尋租 (Rent Seeking) vs 生產力改善
(Productivity Augmenting) 教育資訊 : 『不對稱』資訊
![Page 20: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/20.jpg)
『直資』 : 具體措施的檢視 ( 續 )
助學金 ( 對低收入同學 )
• - 學費及一切雜費• - 『直資』學校提供 vs 政府全面『包底』 收生:學校收生自主 vs 隨機收錄 教師 : 薪酬及穩定性 ( 合理? ) 辦學權:永久 ( 必然 ) vs 定期檢討
![Page 21: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/21.jpg)
『直資』 : 具體措施的檢視 ( 續 )
• 財務管理• - 盈餘 : 儲備 vs 分紅 ( 辦學團體?管理委員會?
校長?老師? )• - 虧損 : 辦學團體 vs 政府• - 資本性開支 : 辦學團體 vs 政府 市場佔有率 : 多少百分比 ? 市場均 ?• • •
![Page 22: Market in Education Fan-sing Hung The Chinese University of Hong Kong](https://reader036.vdocuments.us/reader036/viewer/2022062421/56649d175503460f949ed444/html5/thumbnails/22.jpg)