| 来源类型 | Working papers |
| 规范类型 | 论文 |
| DOI | 10.3929/ethz-a-010613896 |
| Higher education and the fall and rise of inequality | |
| Prettner, Klaus; Schä; fer, Andreas | |
| 发表日期 | 2016-03 |
| 出版者 | ETH Zurich, Center of Economic Research (CER-ETH) |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We investigate the effect of higher education on the evolution of inequality. In so doing we propose a novel overlapping generations model with three social classes: the rich, the middle class, and the poor. We show that there is an initial phase in which no social class invests in higher education of their children, such that the evolution of inequality is entirely driven by the level of bequests. Once a certain income threshold is surpassed, the rich start to invest in higher education of their children, which partially crowds out bequests and thereby reduces inequality in the short run. The better educated children of the rich, however, enjoy higher incomes and inequality starts to rise again. As time goes by, the middle class and eventually also the poor start to invest in higher education, but now the increase in inequality is driven by different levels of education. As the economy proceeds toward a balanced growth path, educational differences between social groupsand thus inequality decline again. We argue that (1) the proposed mechanism has the potential to explain the U-shaped evolution of inequality in rich countries in the second half of the 20th Centuryand the first decade of the 21st Century and (2) the currently observed increase in inequality is rather a transitory phenomenon. |
| 主题 | Higher education ; Inequality ; Piketty curve ; Growth regime switch ; Middle income trap |
| URL | https://www.research-collection.ethz.ch/handle/20.500.11850/123540 |
| 来源智库 | Centre for Energy Policy and Economics (Switzerland) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/266759 |
| 推荐引用方式 GB/T 7714 | Prettner, Klaus,Schä,fer, Andreas. Higher education and the fall and rise of inequality. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| eth-48841-01.pdf（1734KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
| eth-48841-01.jpg（3KB） | 智库出版物 | 限制开放 | CC BY-NC-SA |  浏览 | ||
| 文件名： | eth-48841-01.jpg |
| 格式： | JPEG |
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