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Who Benefits from a Better Education Environment?

Author

Listed:
  • Akiomi Kitagawa

    (Graduate School of Economics, Osaka University)

  • Ryo Horii

    (Graduate School of Economics, Osaka University)

  • Koichi Futagami

    (Graduate School of Economics, Osaka University)

Abstract

Using an overlapping generations model, this note shows that an improvement in the efficiency of human capital production decreases the net income of the young household while increasing that of the old. Without compensating redistribution, it deteriorates lifetime utilities of all generations except for the initial old households.

Suggested Citation

  • Akiomi Kitagawa & Ryo Horii & Koichi Futagami, 2004. "Who Benefits from a Better Education Environment?," Discussion Papers in Economics and Business 04-15, Osaka University, Graduate School of Economics.
    • Handle: RePEc:osk:wpaper:04-15
    as

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    File URL: http://www2.econ.osaka-u.ac.jp/library/global/dp/0415.pdf
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    References listed on IDEAS

    as
    1. Basu, Kaushik & Van, Pham Hoang, 1998. "The Economics of Child Labor," American Economic Review, American Economic Association, vol. 88(3), pages 412-427, June.
    2. Ryo Horii & Akiomi Kitagawa & Koichi Futagami, 2008. "Availability Of Higher Education And Long‐Term Economic Growth," The Japanese Economic Review, Japanese Economic Association, vol. 59(2), pages 156-177, June.
    3. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    human capital; intergenerational income distribution; overlapping generations.;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid

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