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- Title
Education, social mobility, and the mismatch of talents.
- Authors
Uchida, Yuki
- Abstract
This study presents a two-class, overlapping-generation model featuring social mobility inhibited by the mismatch of talents. Mobility decreases as the private education gap between the two classes widens, whereas it increases with increased public education spending. Within this framework, the study considers voting on public education and shows that when the political power of the rich is strong, the government implements low redistributive expenditures, which in turn induces a cyclical motion of social mobility across generations.
- Subjects
SOCIAL mobility; SOCIAL classes; PUBLIC education; EDUCATIONAL attainment; POWER (Social sciences)
- Publication
Economic Theory, 2018, Vol 65, Issue 3, p575
- ISSN
0938-2259
- Publication type
Article
- DOI
10.1007/s00199-016-1027-7