The price of education and inequality
Constructing a simple model that includes the price of education, this paper shows that the educational expenditure of rich households could prevent poor households from escaping poverty. The paper offers an explanation for persistent inequality.
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2013-12, Brown University, Department of Economics.
- Kiminori Matsuyama, 1998.
1238, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Braeuninger, M. & Vidal, J.-P., 1999.
"Private Versus Public Financing of Education and Endogenous Growth,"
99a11, Universite Aix-Marseille III.
- Jean-Pierre Vidal & Michael Bräuninger, 2000. "Private versus public financing of education and endogenous growth," Journal of Population Economics, Springer;European Society for Population Economics, vol. 13(3), pages 387-401.
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- Moav, Omer, 2002. "Income distribution and macroeconomics: the persistence of inequality in a convex technology framework," Economics Letters, Elsevier, vol. 75(2), pages 187-192, April.
- Thomas Piketty, 1997. "The Dynamics of the Wealth Distribution and the Interest Rate with Credit Rationing," Review of Economic Studies, Oxford University Press, vol. 64(2), pages 173-189.
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