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Education, social mobility, and the mismatch of talents

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  • Yuki Uchida

    (Osaka University)

Abstract

This study presents a two-class, overlapping-generation model featuring social mobility inhibited by the mismatch of talents. Mobility decreases as the private education gap between the two classes widens, whereas it increases with increased public education spending. Within this framework, the study considers voting on public education and shows that when the political power of the rich is strong, the government implements low redistributive expenditures, which in turn induces a cyclical motion of social mobility across generations.

Suggested Citation

  • Yuki Uchida, 2018. "Education, social mobility, and the mismatch of talents," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 65(3), pages 575-607, May.
    • Handle: RePEc:spr:joecth:v:65:y:2018:i:3:d:10.1007_s00199-016-1027-7
    DOI: 10.1007/s00199-016-1027-7
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Yuki Uchida & Tetsuo Ono, 2020. "Inequality and education choice," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 27(4), pages 980-1018, August.
    2. Gradstein, Mark, 2019. "Misallocation of talent and human capital: Political economy analysis," European Economic Review, Elsevier, vol. 118(C), pages 148-157.
    3. Liang, Wenquan & Xue, Sen, 2021. "Pandemics and Intergenerational Mobility of Education: Evidence from the 2003 Severe Acute Respiratory Syndrome (SARS) Epidemic in China," GLO Discussion Paper Series 779, Global Labor Organization (GLO).
    4. Aso, Hiroki, 2020. "Differential Fertility, Intergenerational Mobility and the Process of Economic Development," MPRA Paper 106148, University Library of Munich, Germany.
    5. Aso, Hiroki, 2020. "Differential Fertility, Intergenerational Mobility and the Process of Economic Development," MPRA Paper 99429, University Library of Munich, Germany.
    6. Gradstein, Mark, 2019. "Misallocation of Talent and Human Capital: Political Economy Analysis," CEPR Discussion Papers 13574, C.E.P.R. Discussion Papers.
    7. repec:pra:mprapa:106108 is not listed on IDEAS

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    More about this item

    Keywords

    Social mobility; Public education; Redistribution; Voting;
    All these keywords.

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion

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