Appropriation, Human Capital, and Mandatory Schooling

15 Pages Posted: 22 Aug 2001

See all articles by Amihai Glazer

Amihai Glazer

University of California, Irvine - Department of Economics

Mark Gradstein

Ben-Gurion University of the Negev - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute); Centre for Economic Policy Research (CEPR); World Bank - Development Research Group (DECRG)

Date Written: August 2001

Abstract

Reduced inequality in human capital may reduce appropriation from the rich. They may therefore favor policies such as income transfers and mandatory schooling which equalize human capital. Comparing several such policies, we find that mandatory schooling leads to higher incomes for both the rich and the poor, and increases the welfare of all. Moreover, it is the optimal policy for the rich, even when they fully pay for the education.

JEL Classification: H23, I21

Suggested Citation

Glazer, Amihai and Gradstein, Mark, Appropriation, Human Capital, and Mandatory Schooling (August 2001). CESifo Working Paper No. 538. Available at SSRN: https://ssrn.com/abstract=280870

Amihai Glazer

University of California, Irvine - Department of Economics ( email )

3151 Social Science Plaza
Irvine, CA 92697-5100
United States
949-854-6563 (Phone)
949-824-2182 (Fax)

Mark Gradstein (Contact Author)

Ben-Gurion University of the Negev - Department of Economics ( email )

Beer-Sheva 84105
Israel
+97 2 8647 2288 (Phone)
+97 2 8647 2941 (Fax)

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

HOME PAGE: http://www.cesifo.de

Centre for Economic Policy Research (CEPR)

London
United Kingdom

World Bank - Development Research Group (DECRG)

1818 H. Street, N.W.
MSN3-311
Washington, DC 20433
United States

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