Who Benefits from a Better Education Environment?
Yokohama City University - Department of Commerce
Osaka University - Graduate School of Economics
Osaka University - School of Economics
Osaka University Graduate School of Economics Working Paper No. 04-15
Using an overlapping generations model, this note shows that an improvement in the effciency of human capital production decreases the net income of the young household while increasing that of the old. Without compensating redistribution, it deteriorates lifetime utilities of all generations except for the initial old households.
Number of Pages in PDF File: 10
Keywords: Human capital, intergenerational income distribution, overlapping generations
JEL Classification: J24, O15, I22
Date posted: August 3, 2004