Quality of education, productivity changes, and income distribution

• 成果类型: Article
• 署名作者: Mehta, SR
• 署名单位: Purdue University System; Purdue University
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/209958
• 发表日期: 2000
• 页码: 252-281
• 关键词: UNITED-STATES; wages; unemployment; earnings; firm

摘要

A general equilibrium model of a dual economy is constructed with workers and managers and hierarchical production. Ability is continuous, and there is perfect competition in the product market. Higher quality of education is treated as a form of technical progress. An equilibrium wage profile is derived. Different kinds of technical and productivity changes yield different gainers and losers. Declines in the quality of education generally lead to an increase in inequality. Surprisingly, groups suffering from declines in quality of education often benefit at the cost of others. Parallels are drawn with recent experience.