Dynamic Equality of Opportunity

John Roemer and Burak Unveren ()
Additional contact information
Burak Unveren: Yildiz Technical University

No 2034, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: What are the long-term effects of policies intended to equalize opportunities among different social classes of children" To find out, we study the stationary states of an intergenerational model where adults are either White or Blue collar employees. Both adults and the state invest in their children�s education. Our analysis indicates that the major obstacle to equalizing opportunities in the long-run is private educational investment. Next we examine economies where only the state invests in education, motivated by the Nordic experience. In a majority of these economies, no child lags behind regarding future prospects, a theoretical result confirmed by simulations.

Keywords: Equality of opportunity; intergenerational transfers; education; dynamic model (search for similar items in EconPapers)
JEL-codes: D63 H21 I24 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2016-03
New Economics Papers: this item is included in nep-edu and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://cowles.yale.edu/sites/default/files/files/pub/d20/d2034.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
Journal Article: Dynamic Equality of Opportunity (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cwl:cwldpp:2034

Ordering information: This working paper can be ordered from
Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
The price is None.

Access Statistics for this paper

More papers in Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University Yale University, Box 208281, New Haven, CT 06520-8281 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Brittany Ladd ().