| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10879 |
| 来源ID | Working Paper 10879 |
| Educational Opportunity and Income Inequality | |
| Paul Willen; Igal Hendel; Joel Shapiro | |
| 发表日期 | 2004-11-01 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Affordable higher education is, and has been, a key element of social policy in the United States with broad bipartisan support. Financial aid has substantially increased the number of people who complete university - generally thought to be a good thing. We show, however, that making education more affordable can increase income inequality. The mechanism that drives our results is a combination of credit constraints and the `signaling' role of education first explored by Spence (1973). When borrowing for education is difficult, lack of a college education could mean that one is either of low ability or of high ability but with low financial resources. When government programs make borrowing or lower tuition more affordable, high-ability persons become educated and leave the uneducated pool, driving down the wage for unskilled workers and raising the skill premium. |
| 主题 | Microeconomics ; Economics of Information ; Public Economics ; Public Goods ; Health, Education, and Welfare ; Education |
| URL | https://www.nber.org/papers/w10879 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 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/568512 |
| 推荐引用方式 GB/T 7714 | Paul Willen,Igal Hendel,Joel Shapiro. Educational Opportunity and Income Inequality. 2004. |
| 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 | ||
| w10879.pdf（322KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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