THE EFFECTS OF COMPULSORY SCHOOLING ON GROWTH, INCOME-DISTRIBUTION AND WELFARE
成果类型：
Article
署名作者：
ECKSTEIN, Z; ZILCHA, I
署名单位：
Tel Aviv University; Boston University
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/0047-2727(94)90040-X
发表日期：
1994
页码：
339-359
关键词：
摘要：
In this paper we consider an OLG model with productive capital and human capital affecting the quality of labor. In each generation parents invest in their children's education but disregard its external effect on the aggregate production function. Government intervention in providing compulsory schooling increases economic growth (along the equilibrium path), while the intragenerational income distribution becomes more equal. Also, in the long run, the majority of individuals in each generation are better off due to compulsory schooling.
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