The Effects of Compulsory Schooling on Growth, Income Distribution and Welfare
The Effects of Compulsory Schooling on Growth, Income Distribution and Welfare
复制标题
义务教育对增长、收入分配和福利的影响
DOI:
10.1016/0047-2727(94)90040-x
复制
发表时间:
1994
影响因子:
9.8
通讯作者:
I. Zilcha
中科院分区:
文献类型:
--
作者:
Z. Eckstein;I. Zilcha
In this paper we consider an OLG model with productive capital and human capital affecting the quality of labor. In each generation parents invest in their children's education but disregard its external effect on the aggregate production function. Government intervention in providing compulsory schooling increases economic growth (along the equilibrium path), while the intragenerational income distribution becomes more equal. Also, in the long run, the majority of individuals in each generation are better off due to compulsory schooling.