Ability transmission, endogenous fertility, and educational subsidy

Kazumasa Oguro, 一正 小黒, カズマサ オグロ, Takashi Oshio, 隆士 小塩, タカシ オシオ, Junichiro Takahata, 純一郎 高畑 and ジュンイチロウ タカハタ

No 482, PIE/CIS Discussion Paper from Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University

Abstract: 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.

Keywords: Ability transmission; endogenous fertility; educational subsidy (search for similar items in EconPapers)
Pages: 32 pages
Date: 2010-08
New Economics Papers: this item is included in nep-cmp, nep-edu and nep-lab
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).
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