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Within-the-family education and its impact on equality

Author

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  • Katarina Nordblom

    (Uppsala University)

Abstract

This is a theoretical study of human-capital formation, where parental, as well as public investments are essential. Policy influence rich and poor parents differently when they make educational decisions. Rich parents allocate resources efficiently between physical bequests and educational investments, while poor parents only afford investments in children's human capital. Therefore educational equality between rich and poor children is not necessarily promoted by further investments in public schooling. However, a simple PAYGO-system could yield efficient allocation also for poor children.

Suggested Citation

  • Katarina Nordblom, 2001. "Within-the-family education and its impact on equality," Public Economics 0105004, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwppe:0105004
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    References listed on IDEAS

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    Cited by:

    1. Nicolas Bauduin & Joël Hellier, 2006. "Skill Dynamics, Inequality and Social Policies," Working Papers 34, ECINEQ, Society for the Study of Economic Inequality.
    2. Nordblom, Katarina, 2003. "Is increased public schooling really a policy for equality?: The role of within-the-family education," Journal of Public Economics, Elsevier, vol. 87(9-10), pages 1943-1965, September.

    More about this item

    Keywords

    Human capital; public education; bequest; altruism;

    JEL classification:

    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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