INTERGENERATIONAL MOBILITY AND UNEQUAL SCHOOL OPPORTUNITY

• 成果类型: Article
• 署名作者: Arenas, Andreu; Hindriks, Jean
• 署名单位: University of Barcelona; Universite Catholique Louvain
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1093/ej/ueaa062
• 发表日期: 2021
• 页码: 1027-1050
• 关键词: income inequality; education; INVESTMENT; equity; GROWTH

摘要

We analyse the impact of unequal school opportunity on intergenerational income mobility and human capital accumulation. Building upon the classical Becker-Tomes-Solon framework, we use a regime-switch model allowing for differences in income transmission across groups. We find that unequal school opportunity raises average human capital because of assortative matching. However, because income dispersion tends to be higher at the top, in most cases unequal school opportunity decreases intergenerational mobility. Calibrating the model to the USA, simulations suggest that school equalisation and desegregation policies have positive effects on mobility at relatively small efficiency costs.