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The Parental Choice of Education: Income Inequality and Endogenous Growth

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  • Tin-Chun Lin

    (Indiana University Northwest)

Abstract

In this paper, I modify the model of Glomm and Ravikumar (1992) and extend their work. In particular, I examine the link between income growth and inequality in a setting in which public and private education can coexist. In this setting, households are free to opt out of public education in favor of a private alternative. Majority voting determines the level of funding for public education. I find that income inequality declines over time under the mixed public/private regime and that, in the long run, a balanced growth path can exist.

Suggested Citation

  • Tin-Chun Lin, 2003. "The Parental Choice of Education: Income Inequality and Endogenous Growth," Journal of Economic Insight, Missouri Valley Economic Association, vol. 29(2), pages 37-66.
    • Handle: RePEc:mve:journl:v:29:y:2003:i:2:p:37-66
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    More about this item

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • I20 - Health, Education, and Welfare - - Education - - - General

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