テクニカルレポート

ディスカッション／ワーキング・ペーパー

text

Discussion Papers In Economics And Business. 2017, 16-17-Rev., p. 1-39

Inequality and Education Choice

Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University

英語

text

2017-01

http://www2.econ.osaka-u.ac.jp/library/global/dp/1617R.pdf

* Revised： [16-17, 2016]

This study presents a two-class, successive generations model with human capital accumulation and the choice to opt out of public education. The model demonstrates the mutual interaction between inequality and education choice and shows that the interaction leads to two locally stable steady-state equilibria. The existence of multiple stable equilibria implies a negative correlation between inequality and enrollment in public education, which is consistent with evidence from OECD countries. This study also presents a welfare analysis using data from OECD countries and shows that introducing a compulsory public education system leaves the first generation worse off, though improves welfare for future generations of individuals in a lower class. The results also suggest that the two equilibria are not Pareto-ranked.

56940

Inequality and Education Choice

Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University

英語

2017-01

Discussion Papers In Economics And Business

16-17-Rev.

1

39

https://hdl.handle.net/11094/56940

http://www2.econ.osaka-u.ac.jp/library/global/dp/1617R.pdf