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Author Info

  • Akiomi Kitagawa

    () (Graduate School of Economics, Osaka University)

  • Ryo Horii

    () (Graduate School of Economics, Osaka University)

  • Koichi Futagami

    () (Graduate School of Economics, Osaka University)

Abstract

Using an overlapping generations model, this note shows that an improvement in the efficiency of human capital production 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://www2.econ.osaka-u.ac.jp/library/global/dp/0415.pdf
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Bibliographic Info

Paper provided by Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP) in its series Discussion Papers in Economics and Business with number 04-15.

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Length: 10 pages
Date of creation: Jul 2004
Date of revision:
Handle: RePEc:osk:wpaper:04-15

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Web page: http://www.econ.osaka-u.ac.jp/
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Related research

Keywords: human capital; intergenerational income distribution; overlapping generations.;

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