The Price of Education and Inequality
Economics Letters, Vol. 105, No. 2, pp. 183-185, November 2009
Posted: 6 May 2011 Last revised: 14 Nov 2012
Date Written: September 7, 2008
Constructing a simple model that includes the price of education, this paper shows that the educational expenditure of rich households could prevent poor households from escaping poverty. The paper offers an explanation for persistent inequality.
Keywords: Education, Inequality, Trickle-down
JEL Classification: D31, I21, I22, I28, L31
Suggested Citation: Suggested Citation