educational system, income inequality and growth: the median voter's decision

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ID: 144973
2005
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Abstract
I analyze a long run educational policy as a mechanism to close the income gap among low, median and high-income families. If the choice is made endogenous by the use of the median voter theorem, the results are as follow: i) public education system guarantees income convergence, however the income growth rate of the median voter is smaller; ii) the combination public and private (hybrid) educational system allows faster income growth rate, but income inequality is almost the natural outcome. The ending result is that the combination public and private system will prevail, since the income growth rate of the median voter is higher in this system. This might explain the persistence and differences of income inequality among the economies.
O objetivo deste artigo é analisar a utilização da política educacional no longo prazo como mecanismo para a redução da desigualdade de renda entre famílias de renda baixa, mediana e alta. Se a decisão sobre a política for endogeneizada, de acordo com o teorema do eleitor mediano, os resultados são os seguintes: i) o sistema educacional público para todos, apesar de garantir convergência de renda, produz uma menor taxa de crescimento da renda do eleitor mediano; ii) a combinação público-privado (sistema educacional híbrido) permite uma maior taxa de crescimento da renda do eleitor mediano, no entanto a desigualdade de renda é inerente a este sistema. Como resultado final, o eleitor mediano irá escolher o sistema público-privado, pois o crescimento da sua renda é maior, o que pode explicar a persistência e as diferenças na desigualdade de renda das economias.
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Authors ;Joilson Dias
Journal trends in biochemical sciences
Year 2005
DOI
10.1590/S0101-41612005000100003
URL
http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-41612005000100003
Keywords
Education income inequality growtheconomics as a science

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