Ability transmission, endogenous fertility, and educational subsidy
In this study, we attempt to investigate how educational subsidy, childcare allowance, and family allowance affect economic growth and income distribution, on the basis of simulation models which incorporate intergenerational ability transmission and endogenous fertility. The simulation results show that financial support for higher education can both increase economic growth and reduce income inequality, especially if the abilities of parent and child are closely correlated. In contrast with educational subsidy, raising childcare allowance or family allowance has limited impacts on growth and income inequality.
|Date of creation:||Aug 2010|
|Note:||The original version of this paper was presented at the Investigative Meeting of RIETI Discussion Paper on April 5, 2010, This paper is part of the academic project on Economic Analysis of Intergenerational Issues: Searching for Further Development, funded by the Grant-in-Aid for Specially Promoted Research from Japan’s Ministry of Education, Culture, Sports, Science and Technology (grant number 22000001).|
|Contact details of provider:|| Postal: 2-1 Naka, Kunitachi City, Tokyo 186-8603|
Web page: http://cis.ier.hit-u.ac.jp/
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- Hanushek, Eric A. & Leung, Charles Ka Yui & Yilmaz, Kuzey, 2003.
"Redistribution through education and other transfer mechanisms,"
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- Eric A. Hanushek & Charles Ka Yui Leung & Kuzey Yilmaz, 2014. "Borrowing Constraints, College Aid, and Intergenerational Mobility," Journal of Human Capital, University of Chicago Press, vol. 8(1), pages 1-41.
- Eric A. Hanushek & Charles Ka Yui Leung & Kuzey Yilmaz, 2004. "Borrowing Constraints, College Aid, and Intergenerational Mobility," NBER Working Papers 10711, National Bureau of Economic Research, Inc.
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- John Fender & Ping Wang, 2003. "Educational Policy in a Credit Constrained Economy with Skill Heterogeneity," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 44(3), pages 939-964, 08.
- John Fender & Ping Wang, 2001. "Educational Policy in a Credit Constrained Economy with Skill Heterogeneity," Vanderbilt University Department of Economics Working Papers 0133, Vanderbilt University Department of Economics.
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