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Public versus Private Education when Differential Fertility Matters

  • David de la Croix

    (FNRS and UCL)

  • Matthias Doepke

    (UCLA)

We assess the merits of different education systems in a framework that accounts for the joint decision problem of parents regarding fertility and education. Specifically, we compare the implications of a public and a private schooling regime for economic growth and inequality. We find that private schooling leads to higher growth when there is little inequality in human capital endowments across families. In contrast, when inequality is high, public education yields higher growth by reducingfertility differentials. In addition, public schooling leads to income convergence, while private schooling can result in ever increasing inequality. Our analysis highlights theimp ortanceof accounting for endogenous fertility differentials when analyzing educational policies.

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File URL: http://www.econ.ucla.edu/workingpapers/wp816.pdf
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Paper provided by UCLA Department of Economics in its series UCLA Economics Working Papers with number 816.

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Date of creation: 01 Apr 2002
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Handle: RePEc:cla:uclawp:816
Contact details of provider: Web page: http://www.econ.ucla.edu/

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  8. de la Croix,David & Michel,Philippe, 2002. "A Theory of Economic Growth," Cambridge Books, Cambridge University Press, number 9780521806428.
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