Within-the-family education and its impact on equality

Katarina Nordblom ()

Public Economics from EconWPA

Abstract: This is a theoretical study of human-capital formation, where parental, as well as public investments are essential. Policy influence rich and poor parents differently when they make educational decisions. Rich parents allocate resources efficiently between physical bequests and educational investments, while poor parents only afford investments in children's human capital. Therefore educational equality between rich and poor children is not necessarily promoted by further investments in public schooling. However, a simple PAYGO-system could yield efficient allocation also for poor children.

Keywords: Human capital; public education; bequest; altruism (search for similar items in EconPapers)
JEL-codes: H31 H52 I21 J24 (search for similar items in EconPapers)
Date: 2001-05-16
Note: Type of Document - pdf; prepared on PC; pages: 43; figures: included. We never published this piece and now we would like to reduce our mailing and xerox cost by posting it.
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Related works:
Working Paper: Within-the-Family Education and Its Impact on Equality (2001)
Working Paper: Within-the-Family Education and its Impact on Equality (2001)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwppe:0105004

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