Education Choice and Human Capital Accumulation with Endogenous Fertility Model

Hiroki Tanaka () and Masaya Yasuoka
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Hiroki Tanaka: Doshisha University

No 222, Discussion Paper Series from School of Economics, Kwansei Gakuin University

Abstract: This paper sets an endogenous fertility model with endogenous education investment and examines determination of the share of households which select public education, income growth, income inequality, and fertility. Our paper presents consideration of policies of several types such as child allowances and education subsidies for private education and then examines how these policies affect education choice and other outcomes. Results show that a child allowance raises the share of households which select public education. Because of the tax burden, the subsidy for private education can not always raise the share of households which select private education. Furthermore, an increase in the subsidy for private education investment can not always raise the aggregate human capital accumulation even if the share of households selecting private education. The latter half of this paper presents derivation of policy allocations as a result of voting system and describes checking of the robustness of the obtained results.

Keywords: Education choice, Endogenous fertility, Income growth, Income inequality, Subsidy (search for similar items in EconPapers)
JEL-codes: H52 I22 J13 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2020-12
New Economics Papers: this item is included in nep-dge and nep-gro
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http://192.218.163.163/RePEc/pdf/kgdp222.pdf First version, 2020 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:kgu:wpaper:222

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