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Private Education and Positive Growth with Shrinking Income Inequality: A Note

Author

Listed:
  • Masaya Yasuoka

    (Kobe University)

  • Megumi Katahira

    (Komaki Tax Office)

  • Tamotsu Nakamura

    (Kobe University)

Abstract

This short paper introduces the external effects of human capital on education as reported by such as Tamura (1991) and so on to Glomm and Ravikumar (1992) and reexamines economic growth and income inequality in the two education systems: one for public and the other for private education. Glomm and Ravikumar show that income inequality does not shrink if the growth rate is positive in private education. On the other hand, we show that both positive growth and income shrinking are brought about by the externality considered in this paper.

Suggested Citation

  • Masaya Yasuoka & Megumi Katahira & Tamotsu Nakamura, 2008. "Private Education and Positive Growth with Shrinking Income Inequality: A Note," Economics Bulletin, AccessEcon, vol. 9(4), pages 1-8.
    • Handle: RePEc:ebl:ecbull:eb-08i20003
    as

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    References listed on IDEAS

    as
    1. Benabou, Roland, 1996. "Heterogeneity, Stratification, and Growth: Macroeconomic Implications of Community Structure and School Finance," American Economic Review, American Economic Association, vol. 86(3), pages 584-609, June.
    2. Tamura, Robert, 1991. "Income Convergence in an Endogenous Growth Model," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 522-540, June.
    3. Gradstein, Mark & Justman, Moshe, 1997. "Democratic Choice of an Education System: Implications for Growth and Income Distribution," Journal of Economic Growth, Springer, vol. 2(2), pages 169-183, July.
    4. 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, vol. 100(4), pages 818-834, August.
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    More about this item

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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