EDUCATION AND THE POVERTY TRAP

被引：72

作者：

BARHAM, V

BOADWAY, R

MARCHAND, M

PESTIEAU, P

机构：

[1] UNIV CATHOLIQUE LOUVAIN,CORE,B-1348 LOUVAIN,BELGIUM

[2] UNIV OTTAWA,OTTAWA,ON,CANADA

[3] QUEENS UNIV,KINGSTON,ON,CANADA

[4] UNIV LIEGE,LIEGE,BELGIUM

来源：

EUROPEAN ECONOMIC REVIEW | 1995年 / 39卷 / 07期

关键词：

EDUCATION; POVERTY TRAP; OVERLAPPING GENERATIONS MODEL; STATIONARY EQUILIBRIA; REDISTRIBUTIVE POLICY;

D O I：

10.1016/0014-2921(94)00040-7

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

An overlapping generations model is constructed in which individual wealth is related to educational attainment, and in which liquidity constraints may induce children to invest in a sub-optimal level of education given their ability. Financing for education is obtained from within the family. Abilities differ among children and may be related to parental ability. Stationary state equilibria are found to exist in which children of poorer families are caught in a poverty trap because of an inability to finance their education. The role of redistributive policy is studied in this context.

引用

页码：1257 / 1275

页数：19