This paper analyzes the relationship between public education spending, long-run growth and income inequality. We propose an endogenous model with occupational choice supply of teachers quality. show that school quality alters shape those relationships in a way has new policy implications. First, depends on level expenditures human capital distribution. Second, inequality can be either positive...

If the poor are to benefit from economic growth, then they need the skills that are in growing demand, and the capacity to raise their productivity as smallholder farmers and micro-entrepreneurs. Yet, the poor seldom receive a satisfactory education. Too little is spent on primary education—the category of education of most direct benefit to the poor—while on average public subsidies to seconda...

This paper explores both theoretically and empirically whether or not the willingness to pay (WTP) for pollution control varies with income. Our model indicates that the income elasticity of the marginal WTP for pollution reduction is only constant under very restrictive conditions, which are not necessary for an environmental Kuznets curve relationship between pollution and income. Our empiric...

The relationship between income and willingness to pay for collectively provided publicrenvironmental goods is investigated. We show that while the income elasticity of willingness to pay and the ordinary income elasticity of demand are related, knowledge of one is insufficient to determine the magnitude or even the sign of the other. The income elasticity of willingness to pay is influenced by...

Equity mutual fund loads have fallen, while stock ownership rates and equity mutual fund use have risen, plausibly boosting the stock wealth elasticity of U.S. consumption. Because of limited wealth and diversification needs, load declines likely spurred middle-income families to invest in equity, consistent with cross-section data and the calibration model of Heaton and Lucas (2000). In load-m...

the main purpose of this study was to determine the factors affecting the export of flowers in iran. after data collection using by the index of revealed comparative advantage (rca), the condition of business of flowers in iran was compared with a number of countries exporting the product. according to the results of study, the small elasticity of the exportation price in the function of export...

The paper compares the extent of intergenerational earnings and educational correlation in Japan and France. It uses very similar repeated surveys that provide information on educational attainment and family background, conducted in Japan and France. To insure comparability, similar sample restrictions and specifications are imposed. For Japan, we use waves 1965, 1975, 1985, 1995 and 2005. For...

Preliminary; not for quotation. NBER working papers are distributed informally and in limited number for conuDents only. This report has not undergone the review accorded official NBERpublications; in particular, it has not yet been submitted for approval by the Board of Directors. Introduction rn an earl ie.r paper, Becker and Lewis explained why the quantity and quality of children (and, by e...