Economics of Income Inequality and Educational Investment

Ryuichi Tanaka

Economic Analysis, 2017, vol. 195, 64-88

Abstract: This paper examines the effects of current income inequality on future economic growth and income inequality focusing on educational investment as a mechanism generating intergenerational income persistency. After reviewing empirical studies on the relationship between income inequality and economic growth, we review theoretical models of educational investment and intergenerational income dynamics with special focus on imperfect capital market. We review the models with private schools and public schools whose quality and quantity are determined by political process. Finally we try to draw some policy implications for Japan. JEL Classification Codes:D31, D72, H42, I22, O15

Keywords: Educational Investment; Income Inequality; Economic Growth (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:esj:esriea:195d

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