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Ability transmission, endogenous fertility, and educational subsidy

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  • Oguro, Kazumasa
  • Oshio, Takashi
  • Takahata, Junichiro

Abstract

In this study, we attempt to investigate how educational subsidy, childcare allowance, and family allowance affect economic growth and income distribution, on the basis of simulation models which incorporate intergenerational ability transmission and endogenous fertility. The simulation results show that financial support for higher education can both increase economic growth and reduce income inequality, especially if the abilities of parent and child are closely correlated. In contrast with educational subsidy, raising childcare allowance or family allowance has limited impacts on growth and income inequality.

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File URL: http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/18634/1/pie_dp482.pdf
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Bibliographic Info

Paper provided by Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University in its series PIE/CIS Discussion Paper with number 482.

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Length: 32 p.
Date of creation: Aug 2010
Date of revision:
Handle: RePEc:hit:piecis:482

Note: The original version of this paper was presented at the Investigative Meeting of RIETI Discussion Paper on April 5, 2010, This paper is part of the academic project on Economic Analysis of Intergenerational Issues: Searching for Further Development, funded by the Grant-in-Aid for Specially Promoted Research from Japan’s Ministry of Education, Culture, Sports, Science and Technology (grant number 22000001).
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Keywords: Ability transmission; endogenous fertility; educational subsidy;

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References

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  1. DE LA CROIX, David & DOEPKE, Matthias, . "Inequality and growth: why differential fertility matters," CORE Discussion Papers RP -1676, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  2. Eric A. Hanushek & Charles Ka Yui Leung & Kuzey Yilmaz, 2004. "Borrowing Constraints, College Aid, and Intergenerational Mobility," NBER Working Papers 10711, National Bureau of Economic Research, Inc.
  3. Hanushek, Eric A. & Leung, Charles Ka Yui & Yilmaz, Kuzey, 2003. "Redistribution through education and other transfer mechanisms," Journal of Monetary Economics, Elsevier, Elsevier, vol. 50(8), pages 1719-1750, November.
  4. John Fender & Ping Wang, 2003. "Educational Policy in a Credit Constrained Economy with Skill Heterogeneity," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 44(3), pages 939-964, 08.
  5. 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.
  6. Maoz, Yishay D & Moav, Omer, 1999. "Intergenerational Mobility and the Process of Development," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 109(458), pages 677-97, October.
  7. Galor, Oded & Zang, Hyoungsoo, 1997. "Fertility, income distribution, and economic growth: Theory and cross-country evidence," Japan and the World Economy, Elsevier, Elsevier, vol. 9(2), pages 197-229, May.
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Cited by:
  1. Kuzey Yilmaz, 2014. "On the Importance of Fertility Behavior in School Finance Policy Design," Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum 1403, Koc University-TUSIAD Economic Research Forum.

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