Ability transmission, endogenous fertility, and educational subsidy
AbstractIn 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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Bibliographic InfoPaper provided by Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University in its series PIE/CIS Discussion Paper with number 482.
Length: 32 p.
Date of creation: Aug 2010
Date of revision:
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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Ability transmission; endogenous fertility; educational subsidy;
Other versions of this item:
- Kazumasa Oguro & Takashi Oshio & Junichiro Takahata, 2013. "Ability transmission, endogenous fertility and educational subsidy," Applied Economics, Taylor & Francis Journals, vol. 45(17), pages 2469-2479, June.
- NEP-ALL-2010-09-11 (All new papers)
- NEP-CMP-2010-09-11 (Computational Economics)
- NEP-EDU-2010-09-11 (Education)
- NEP-LAB-2010-09-11 (Labour Economics)
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