I was reading a few article on the Freeman Online about private education and they mentioned the fact that private education is cheaper and more effective that public education.
I have a tiny economics problem with comparing teacher salaries across the two groups. The lower private teacher cost could possibly be explained by wage differentials. The private school students are self-selected and as such unlikely to face problem plaguing inner city schools (like fighting). As such, the non-salary aspects of the job are better, so wages are lower.
Could it be argued, I guess, that private schools are not just benefactors of this self-selection but actively prevent fights from occurring (unlike public schools)? Hence, the wage differential isn’t just a happy chance for private schools but something they actively seek out?
I may have answered my own concern.