Investment in Human Capital, Appropriation, and Mandatory Schooling

Amihai Glazer and M. Gradstein

Working Papers from California Irvine - School of Social Sciences

Abstract: High inequality in human capital may result in appropriation. In anticipation, the rich may favor policies which induce a more equal distribution of human capital, such as income transfers and mandatory schooling. This paper compares several such alternatives. We find that mandatory schooling results in higher incomes for both the rich and the poor sons, and increases the welfare of all. Moreover, it is the optimal policy for the rich, even when schools are fully financed by the rich.

Keywords: EDUCATION; HUMAN CAPITAL (search for similar items in EconPapers)
JEL-codes: J24 I20 (search for similar items in EconPapers)
Date: 2000

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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: http://EconPapers.repec.org/RePEc:fth:calirv:99-00-23

Access Statistics for this paper

More papers in Working Papers from California Irvine - School of Social Sciences
Address: UNIVERSITY OF CALIFORNIA IRVINE, SCHOOL OF SOCIAL SCIENCES, IRVINECALIFORNIA 91717 U.S.A.
Series data maintained by Thomas Krichel ().