Income distribution and macroeconomics: Fertility adjustment prior to education investment

Masao Nakagawa, Yoshiaki Sugimoto

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)

Abstract

This paper develops a theory in which households prepare for future education by adjusting the quantity of children they intend to raise. Income inequality lowers output per worker only if the inequality is attributed in some part to unexpected disturbances after childbirth.

Original languageEnglish
Pages (from-to)155-158
Number of pages4
JournalEconomics Letters
Volume110
Issue number2
DOIs
Publication statusPublished - 2011 Feb

Keywords

  • Education
  • Fertility
  • Inequality
  • Lock-in effect

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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