Please use this identifier to cite or link to this item:
|Title:||Intergenerational mobility under private vs. public education|
|Citation:||Davies, J.B., Zhang, J., Zeng, J. (2005). Intergenerational mobility under private vs. public education. Scandinavian Journal of Economics 107 (3) : 399-417. ScholarBank@NUS Repository. https://doi.org/10.1111/j.1467-9442.2005.00415.x|
|Abstract:||Intergenerational earnings mobility is analyzed in a model where human capital is produced using schooling and parental time. In steady states more mobile societies have less inequality, but in the short run higher mobility may result from an increase in inequality. Starting from the same inequality, mobility is higher under public than under private education. A rise in income shocks, for example due to increased returns to ability, or a switch from public to private schooling both increase inequality. However, increased shocks raise mobility in the short run and do not affect it in the long run, whereas an increased role for private schooling reduces mobility in both the short and long run. That these differences may help to identify the source of changes in inequality, and other real-world implications, are illustrated in a brief discussion of time trends and cross-country differences. © The editors of the Scandinavian Journal of Economics 2005.|
|Source Title:||Scandinavian Journal of Economics|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Mar 21, 2019
WEB OF SCIENCETM
checked on Mar 13, 2019
checked on Mar 15, 2019
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.