All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

 
Tetsuo Ono and Ryo Arawatari
 
''Dynamic political economy of redistribution policy: the role of education costs''
( 2008, Vol. 4 No.13 )
 
 
This paper focuses on how education costs affect the political determination of redistribution policy via individual decision making on education. For cases of high costs, there are multiple equilibria: the poor-majority equilibrium featured by the minority of highly educated individuals and a high level of redistribution, and the rich-majority equilibrium featured by the majority of highly educated individuals and a low level of redistribution. For cases of low costs, there is a unique rich-majority equilibrium featured by the majority of highly educated individuals and a high level of redistribution.
 
 
Keywords:
JEL: D7 - Analysis of Collective Decision-Making: General
H5 - National Government Expenditures and Related Policies National Government Expenditures and Related Policies: General
 
Manuscript Received : May 26 2008 Manuscript Accepted : May 29 2008

  This abstract has been downloaded 863 times                The Full PDF of this paper has been downloaded 104270 times