Educational systems, growth and income distribution: A quantitative study
Resource
Journal of Development Economics, 76(2), 325-353
Journal
Journal of Development Economics
Journal Volume
76
Journal Issue
2
Pages
325-353
Date Issued
2005
Author(s)
Chen, H.-J
Abstract
This study sets out to develop a dynamic model within an economy characterized by the coexistence of public and private schools, under imperfect credit market conditions, in an attempt to provide a clearer understanding of the evolution of economic growth and income inequality. We find that any government wishing to reduce income inequality should adopt policies aimed at increasing the enrollment rate in public schools. However, whilst high enrollment rates can be sustained in private schools, and thus create enhanced economic growth, this can only occur if accompanied by the liberalization of the credit markets. © 2004 Elsevier B.V. All rights reserved.
Subjects
Imperfect credit markets; Income distribution; Mixed educational system
Other Subjects
economic growth; educational attainment; financial market; income distribution
Type
journal article
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