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The price of education and inequality

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  • Nakajima, Tetsuya
  • Nakamura, Hideki

Abstract

Constructing a simple model that includes the price of education, this paper shows that the educational expenditure of rich households could prevent poor households from escaping poverty. The paper offers an explanation for persistent inequality.

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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 105 (2009)
Issue (Month): 2 (November)
Pages: 183-185

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Handle: RePEc:eee:ecolet:v:105:y:2009:i:2:p:183-185

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Web page: http://www.elsevier.com/locate/ecolet

Related research

Keywords: Education Inequality Trickle-down;

References

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  1. Oded Galor & Omer Moav, 2004. "Das Human Kapital: A Theory of the Demise of the Class Structure," GE, Growth, Math methods, EconWPA 0410003, EconWPA.
  2. Jean-Pierre Vidal & Michael Bräuninger, 2000. "Private versus public financing of education and endogenous growth," Journal of Population Economics, Springer, Springer, vol. 13(3), pages 387-401.
  3. Oded Galor & Joseph Zeira, 2013. "Income Distribution and Macroeconomics," Working Papers 2013-12, Brown University, Department of Economics.
  4. Oded Galor & Omer Moav, 1999. "From Physical to Human Capital Accumulation: Inequality in the Process of Development," Working Papers 99-27, Brown University, Department of Economics.
  5. Moav, Omer, 2002. "Income distribution and macroeconomics: the persistence of inequality in a convex technology framework," Economics Letters, Elsevier, Elsevier, vol. 75(2), pages 187-192, April.
  6. Matsuyama, Kiminori, 2000. "Endogenous Inequality," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 67(4), pages 743-59, October.
  7. Glomm, Gerhard & Ravikumar, B, 1992. "Public versus Private Investment in Human Capital Endogenous Growth and Income Inequality," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 100(4), pages 818-34, August.
  8. Piketty, Thomas, 1997. "The Dynamics of the Wealth Distribution and the Interest Rate with Credit Rationing," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 64(2), pages 173-89, April.
  9. Rothschild, Michael & White, Lawrence J, 1995. "The Analytics of the Pricing of Higher Education and Other Services in Which the Customers Are Inputs," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 103(3), pages 573-86, June.
  10. Ghatak, Maitreesh & Nien-Huei Jiang, Neville, 2002. "A simple model of inequality, occupational choice, and development," Journal of Development Economics, Elsevier, vol. 69(1), pages 205-226, October.
  11. Abhijit V. Banerjee & Andrew F. Newman, 1990. "Occupational Choice and the Process of Development," Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science 911, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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Citations

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Cited by:
  1. Nakajima, Tetsuya, 2013. "Industrial Development, Polarisation, and Fiscal Policy in an Underemployment Economy," MPRA Paper 54908, University Library of Munich, Germany.
  2. Franciscos Koutentakis, 2012. "Public Education and Democracy in a Simple Model of Persistent Inequality," Working Papers, University of Crete, Department of Economics 1204, University of Crete, Department of Economics.
  3. Hideki Nakamura, 2013. "Wages of regular and irregular workers, the price of education, and income inequality," Journal of Economic Inequality, Springer, Springer, vol. 11(4), pages 517-533, December.
  4. Wei-Bin Zhang, 2013. "A Synthesis Of The Uzawa-Lucas Model With The Walrasian-General-Equilibrium And Neoclassical-Growth Theories," Economic Annals, Faculty of Economics, University of Belgrade, vol. 58(199), pages 7-38, October -.
  5. Nakajima, Tetsuya & Nakamura, Hideki, 2012. "How Do Elementary And Higher Education Affect Human Capital Accumulation And Inequality? A Note," Macroeconomic Dynamics, Cambridge University Press, Cambridge University Press, vol. 16(01), pages 151-158, February.
  6. Wei-Bin Zhang, 2013. "Income and Wealth Distribution with Physical and Human Capital Accumulation: Extending the Uzawa-Lucas Model to a Heterogeneous Households Economy," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 50(2), pages 257-287, November.
  7. Nakamura, Hideki, 2012. "Why does scholastic achievement differ across prefectures in Japan?," Journal of Asian Economics, Elsevier, vol. 23(1), pages 99-106.

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