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Who Benefits from a Better Education Environment?

  • Akiomi Kitagawa

    ()

    (Graduate School of Economics, Osaka University)

  • Ryo Horii

    ()

    (Graduate School of Economics, Osaka University)

  • Koichi Futagami

    ()

    (Graduate School of Economics, Osaka University)

Using an overlapping generations model, this note shows that an improvement in the efficiency of human capital production decreases the net income of the young household while increasing that of the old. Without compensating redistribution, it deteriorates lifetime utilities of all generations except for the initial old households.

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File URL: http://www2.econ.osaka-u.ac.jp/library/global/dp/0415.pdf
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Paper provided by Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP) in its series Discussion Papers in Economics and Business with number 04-15.

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Length: 10 pages
Date of creation: Jul 2004
Date of revision:
Handle: RePEc:osk:wpaper:04-15
Contact details of provider: Web page: http://www.econ.osaka-u.ac.jp/
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  1. Akiomi Kitagawa & Ryo Horii & Koichi Futagami, 2003. "Availability of Higher Education and Long-Term Economic Growth," Discussion Papers in Economics and Business 03-14, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
  2. Basu, Kaushik & Van, Pham Hoang, 1998. "The Economics of Child Labor," American Economic Review, American Economic Association, vol. 88(3), pages 412-27, June.
  3. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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