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Public versus private education when differential fertility matters

David de la Croix and Matthias Doepke

No 2002022, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: We assess the merits of different education systems in a framework that accounts for the joint decision problem of parents regarding fertility and education. Specifically, we compare the implications of a public and a private schooling regime for economic growth and inequality. We find that private schooling leads to higher growth when there is little inequality in human capital endowments across families. In contrast, when inequality is high, public education yields higher growth by reducingfertility differentials. In addition, public schooling leads to income convergence, while private schooling can result in ever increasing inequality. Our analysis highlights theimp ortanceof accounting for endogenous fertility differentials when analyzing educational policies.

Date: 2002-04
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Journal Article: Public versus private education when differential fertility matters (2004) Downloads
Working Paper: Public versus private education when differential fertility matters (2004)
Working Paper: Public versus Private Education when Differential Fertility Matters (2002) Downloads
Working Paper: Public versus Private Education When Diferential Fertility Matters (2002) Downloads
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