Growth and inequality under different hierarchical education regimes

نویسندگان

چکیده

We study the impacts of different educational regimes on growth and income inequality using a two-stage human capital formation model with heterogeneous agents. Both at basic advanced stages, school system can be either public or private. In contrast to other related overlapping generations models, due consideration is given time constraints mensuration investments in education per person. Our results suggest that source basic, rather than advanced, expenditures central discussion vs. reduction speed. terms long-term (inequality reduction), it would better for private (public), regardless stage being public. However, short run, if basal degree persistence low, then could justified also grounds concerns.

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ژورنال

عنوان ژورنال: Economic Modelling

سال: 2022

ISSN: ['0264-9993', '1873-6122']

DOI: https://doi.org/10.1016/j.econmod.2022.105992