Education Choice, Endogenous Growth and Income Distribution

Bibliographic Data

ID9723314
AuthorsBuly A Cardak (0000-0003-1323-5055, La Trobe University, corresponding author)
Year2004
Volume71
Issue281
Pages57-81
Publication date2004-02-01
Open AccessYes
TypeARTICLE
VenueEconomica (JOURNAL)
Journal identifiersISSN: 0013-0427 • E-ISSN: 1468-0335
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.0013-0427.2004.00357.x
OpenAlexW2062202553
LanguageEN
Citations received6
References cited21

This paper studies an economy where parents can choose between public or private schools and can vote on taxes used to fund public schools. The model is calibrated to US data and studied using simulations. A bimodal income distribution emerges where public education students converge to a low‐income equilibrium while private education students experience endogenous growth with higher incomes. However, public education students experience long‐run growth through a spillover from private education students. Possible problems with the existence of a private alternative to pubic education, such as the emergence of a education‐based class structure, are identified

Class (philosophy) · Demographic economics · Distribution (mathematics) · Economic growth · Economics · Endogenous growth theory · General equilibrium theory · Higher education · Human capital · Income distribution · Inequality · Labour economics · Microeconomics · Private education · Public economics · Public education · Spillover effect · Fiscal Policy and Economic Growth · Gender, Labor, and Family Dynamics · Income, Poverty, and Inequality

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