Which education policies can prevent the collapse of the middle-income group?

Hideki Nakamura

Japan and the World Economy, 2015, vol. 36, issue C, 1-10

Abstract: This study addresses the issue of widening income inequality and evaluates elementary and higher education policies. Unless education policy increases the level of elementary education more rapidly than that of higher education, it will become more difficult to prevent the collapse of the middle-income group because of the increasing price of education. This collapse of the middle-income group would subsequently decrease the levels of income for all individuals. Whereas education policy affects the levels of both elementary and higher education, elementary education policy should precede higher education policy as long as the direct effect of policy outweigh the indirect effect.

Keywords: Elementary education; Higher education; Education policies; Price of education; Collapse of the middle-income group (search for similar items in EconPapers)
JEL-codes: H52 I20 I28 O11 O15 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:eee:japwor:v:36:y:2015:i:c:p:1-10

DOI: 10.1016/j.japwor.2015.05.001

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