Income distribution and macroeconomics: Fertility adjustment prior to education investment

Masao Nakagawa and Yoshiaki Sugimoto

Economics Letters, 2011, vol. 110, issue 2, 155-158

Abstract: This paper develops a theory in which households prepare for future education by adjusting the quantity of children they intend to raise. Income inequality lowers output per worker only if the inequality is attributed in some part to unexpected disturbances after childbirth.

Keywords: Fertility; Lock-in; effect; Inequality; Education (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:110:y:2011:i:2:p:155-158

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