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Investment efficiency and intergenerational income distribution: a paradoxical result

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Author Info
Akiomi Kitagawa () (Tohoku University)
Ryo Horii () (Osaka University)
Koichi Futagami () (Osaka University)

Additional information is available for the following registered author(s):

Abstract

Using a simple overlapping generations model, this note shows that an improvement in the efficiency of human capital investment decreases the net income of the young household while increasing that of the old. Without compensating redistribution, it deteriorates lifetime utilities of all generations except for the initial old households.

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File URL: http://www.economicsbulletin.com/2004/volume15/EB-04O40005A.pdf
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 15 (2004)
Issue (Month): 2 ()
Pages: 1-6
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:ebl:ecbull:v:15:y:2004:i:2:p:1-6

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Postal: Economics Bulletin, Department of Economics, 414 Calhoun Hall, Vanderbilt University, Nashville TN 37235, USA
Phone: 615-322-2920
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Related research
Keywords: human capital; intergenerational income distribution; overlapping generations model;

Find related papers by JEL classification:
O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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This page was last updated on 2009-10-20.

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