Who Benefits from a Better Education Environment?

Osaka University Graduate School of Economics Working Paper No. 04-15

10 Pages Posted: 3 Aug 2004

See all articles by Akiomi Kitagawa

Akiomi Kitagawa

Yokohama City University - Department of Commerce

Ryo Horii

Osaka University - Institute of Social and Economic Research

Koichi Futagami

Osaka University - School of Economics

Date Written: July 2004

Abstract

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.

Keywords: Human capital, intergenerational income distribution, overlapping generations

JEL Classification: J24, O15, I22

Suggested Citation

Kitagawa, Akiomi and Horii, Ryo and Futagami, Koichi, Who Benefits from a Better Education Environment? (July 2004). Osaka University Graduate School of Economics Working Paper No. 04-15. Available at SSRN: https://ssrn.com/abstract=572029 or http://dx.doi.org/10.2139/ssrn.572029

Akiomi Kitagawa

Yokohama City University - Department of Commerce ( email )

Yokohama
Japan

Ryo Horii (Contact Author)

Osaka University - Institute of Social and Economic Research ( email )

1-1 Yamadaoka
Suita, Osaka 565-0871
Japan
+81 6 6879 8552 (Phone)
+81 6 6879 8583 (Fax)

HOME PAGE: http://econ.jpn.org/horii/

Koichi Futagami

Osaka University - School of Economics ( email )

1-7 Machikaneyama
Toyonaka
Osaka 560
Japan

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