The Parental Choice of Education: Income Inequality and Endogenous Growth

Tin-Chun Lin
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Tin-Chun Lin: Indiana University Northwest

Journal of Economic Insight, 2003, vol. 29, issue 2, 37-66

Abstract: In this paper, I modify the model of Glomm and Ravikumar (1992) and extend their work. In particular, I examine the link between income growth and inequality in a setting in which public and private education can coexist. In this setting, households are free to opt out of public education in favor of a private alternative. Majority voting determines the level of funding for public education. I find that income inequality declines over time under the mixed public/private regime and that, in the long run, a balanced growth path can exist.

JEL-codes: I20 O11 O40 (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:mve:journl:v:29:y:2003:i:2:p:37-66

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