Public Education, Occupational Choice, and the Growth‐Inequality Relationship
构建动态一般均衡模型，分析公共资源在基础与高等教育间的分配如何影响入学率、收入分配和经济增长，并揭示增长与不平等关系取决于高等教育支出的涓滴效应与基础教育和父母不平等对中学入学率的正面影响之间的张力。
This article develops a dynamic general equilibrium model in which the occupational structure of the economy drives a wedge between the social and private returns to schooling for some workers. I study the impacts of alternative allocations of public resources between basic and higher levels of education on enrollments, income distribution, and growth. In particular, I illustrate how the growth‐inequality relationship depends on the tension between two forces: (1) the “trickle‐down” effects of expenditures on higher education and (2) the positive impacts on secondary enrollments generated by high‐quality basic education and reduced parental inequality.