Who Benefits from a Better Education Environment?

Akiomi Kitagawa (), Ryo Horii and Koichi Futagami

No 04-15, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

Abstract: Using an overlapping generations model, this note shows that an improvement in the efficiency of human capital production decreases the net income of the young household while increasing that of the old. Without compensating redistribution, it deteriorates lifetime utilities of all generations except for the initial old households.

Keywords: human capital; intergenerational income distribution; overlapping generations. (search for similar items in EconPapers)
JEL-codes: I22 J24 O15 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2004-07
New Economics Papers: this item is included in nep-dev, nep-edu and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:osk:wpaper:04-15

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