It might be the best intervention for the individual because buying education is a way to signal high status that’s required for getting a good job.
That alone doesn’t mean that the society is better of if you give some of it’s members the opportunity to signal high status by paying school fees via cash transfers.
That means that even when the individuals make rational decisions it’s not a good charity intervention.
It might be the best intervention for the individual because buying education is a way to signal high status that’s required for getting a good job.
That alone doesn’t mean that the society is better of if you give some of it’s members the opportunity to signal high status by paying school fees via cash transfers.
That means that even when the individuals make rational decisions it’s not a good charity intervention.
Education is not mainly a form of signalling.
Getting an uber expensive education is signalling, getting an education itself is not.
By poor third world country standards, all education is uber expensive.
Private education in the third world is quite inexpensive—cheap enough to be affordable to a substantial fraction of the poorest families—according to The Beautiful Tree ( https://www.amazon.com/Beautiful-Tree-Personal-Educating-Themselves/dp/1939709121 ).