Private Education and Positive Growth with Shrinking Income Inequality: A Note

Masaya Yasuoka (), Tamotsu Nakamura () and Megumi Katahira ()
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Masaya Yasuoka: Kobe University
Tamotsu Nakamura: Kobe University
Megumi Katahira: Komaki Tax Office

Economics Bulletin, 2008, vol. 9, issue 4, pages 1-8

Abstract: This short paper introduces the external effects of human capital on education as reported by such as Tamura (1991) and so on to Glomm and Ravikumar (1992) and reexamines economic growth and income inequality in the two education systems: one for public and the other for private education. Glomm and Ravikumar show that income inequality does not shrink if the growth rate is positive in private education. On the other hand, we show that both positive growth and income shrinking are brought about by the externality considered in this paper.

Keywords: Education System; Externality; Human Capital; Income Inequality (search for similar items in EconPapers)
JEL-codes: I2 E6 (search for similar items in EconPapers)
Date: 2008-03-05
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