The price of education and inequality |
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| Authors: | Tetsuya Nakajima Hideki Nakamura |
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| Institution: | aFaculty of Economics, Osaka City University, Sugimoto 3-3-138, Sumiyoshi, Osaka 558-8585, Japan |
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| Abstract: | Constructing a simple model that includes the price of education, this paper shows that the educational expenditure of rich households could prevent poor households from escaping poverty. The paper offers an explanation for persistent inequality. |
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| Keywords: | Education Inequality Trickle-down |
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