Ability transmission, endogenous fertility and educational subsidy

Kazumasa Oguro, Takashi Oshio and Junichiro Takahata

Applied Economics, 2013, vol. 45, issue 17, 2469-2479

Abstract: In this study, we attempt to investigate how educational subsidy, childcare allowance and family allowance affect economic growth and income distribution on the basis of simulation models which incorporate intergenerational ability transmission and endogenous fertility. The simulation results show that financial support for higher education can both increase economic growth and reduce income inequality, especially if the abilities of parent and child are closely correlated. In contrast with educational subsidy, raising childcare allowance or family allowance has limited impacts on growth and income inequality.

Date: 2013
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Working Paper: Ability transmission, endogenous fertility, and educational subsidy (2010)
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DOI: 10.1080/00036846.2012.667554

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