Empirical results show that children from high income households achieve higher levels of education and are more likely to be enrolled in post compulsory school.Theoretical findings fail to answer clearly whether greater public investment in the higher education system effectively decreases the inequality between the educational attainment of rich and poor children. We show that if the child receives a monetary transfer from his parents and allocates it between private consumption and investment in private additional education, then a further public investment decreases the educational gap. This result holds under the assumptions of both substitutability and complementarity between private and public education.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
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.:
Gary S. Becker & Nigel Tomes, 1994.
"X. Human Capital and the Rise and Fall of Families,"
NBER Chapters,
in: Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education (3rd Edition), pages 257-298
National Bureau of Economic Research, Inc.
[Downloadable!]