Education Choice, Endogenous Growth and Income Distribution
Education Choice, Endogenous Growth and Income Distribution
复制标题
教育选择、内生增长和收入分配
DOI:
--
复制
发表时间:
2004
期刊:
影响因子:
--
通讯作者:
Buly A. Cardak
中科院分区:
文献类型:
--
作者:
Buly A. Cardak
This paper studies an economy where parents can choose between public or private schools and can vote on taxes used to fund public schools. The model is calibrated to US data and studied using simulations. A bimodal income distribution emerges where public education students converge to a low-income equilibrium while private education students experience endogenous growth with higher incomes. However, public education students experience long-run growth through a spillover from private education students. Possible problems with the existence of a private alternative to pubic education, such as the emergence of a education-based class structure, are identified.