Reduced inequality in human capital may reduce appropriation from the rich. They may therefore favor policies such as income transfers and mandatory schooling which equalize human capital. Comparing several such policies, we find that mandatory schooling leads to higher incomes for both the rich and the poor, and increases the welfare of all. Moreover, it is the optimal policy for the rich, even when they fully pay for the education.
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Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number
CESifo Working Paper No. 538.
Length: Date of creation: 2001 Date of revision: Handle: RePEc:ces:ceswps:_538
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Find related papers by JEL classification: H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Benabou, R., 1996.
"Inequality and Growth,"
Working Papers
96-22, C.V. Starr Center for Applied Economics, New York University.
[Downloadable!]
Other versions:
Roland Bénabou, 1996.
"Inequality and Growth,"
NBER Chapters,
in: NBER Macroeconomics Annual 1996, Volume 11, pages 11-92
National Bureau of Economic Research, Inc.
[Downloadable!]
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