Public Education and Intergenerational Economic Mobility
研究公共教育如何影响代际经济流动性，发现只有当公共教育投入足够大时，才能抵消父母教育背景带来的优势，从而提升流动性。
This paper examines the role of public education in determining intergenerational economic mobility. It considers a model in which education is free and admission to schools is competitive. The results indicate that for mobility to increase during the process of development, the share of resources devoted to public education needs to be large enough to offset the relative advantage of having educated parents in academic attainment.