JaLCDOI 10.18926/OER/41492
FullText URL oer_031_2_001_024.pdf
Author Furumatsu, Noriko|
Abstract We consider public education provided obligatorily and equally for all individuals. It is usually said that compulsory public education ensures an equal opportunity of education for all individuals and contributes to human capital formation. We will discuss how the introduction of public education affects human capital accumulation and income distribution among heterogeneous individuals in an overlapping generation model. Particularly, we discuss those effects on the long-run equilibrium of individual human capital, considering the threshold effects of human capital stock.
Publication Title 岡山大学経済学会雑誌
Published Date 1999-09-10
Volume volume31
Issue issue2
Start Page 1
End Page 24
ISSN 0386-3069
language 英語
File Version publisher
NAID 110000130011
JaLCDOI 10.18926/OER/41468
FullText URL oer_032_2_099_113.pdf
Author Furumatsu, Noriko|
Abstract In this paper, we construct a model which explains a change in demand for education, considering an individual preference for the higher education (university). We suppose that the individual preference for education depends on the average level of education in a society and changes drastically at some level. We consider a possibility that diffusion of education brings about discontinuous increase in demand for education, and examine the optimal educational policies in dynamic setting.
Publication Title 岡山大学経済学会雑誌
Published Date 2000-09-10
Volume volume32
Issue issue2
Start Page 99
End Page 113
ISSN 0386-3069
language 英語
File Version publisher
NAID 110000130064
JaLCDOI 10.18926/OER/40540
FullText URL oer_036_4_127_138.pdf
Author Furumatsu, Noriko| Shirai, Masatoshi|
Abstract We consider a society which consists of two sectors, the educational sector and the production sector. We define the educational sector as one that produces two outputs jointly, higher education forming human capital and research increasing the stock of social knowledge. Social knowledge determines the level of technology in the production of consumption goods. Our purposes are to clarify the nature of higher education and to analyze efficient resource allocation in a two−sector economy, considering the external effects of education and research activities in the context of an endogenous growth model.
Publication Title 岡山大学経済学会雑誌
Published Date 2005-03-10
Volume volume36
Issue issue4
Start Page 127
End Page 138
ISSN 0386-3069
Related Url http://www.e.okayama-u.ac.jp/gakkai/
language 英語
File Version publisher
NAID 120002576161