岡山大学経済学会 Acta Medica Okayama 0386-3069 31 2 1999 The Effect of Public Education on the Long-Run Income Distribution 1 24 EN Noriko Furumatsu 10.18926/OER/41492 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. No potential conflict of interest relevant to this article was reported.

岡山大学経済学会 Acta Medica Okayama 0386-3069 32 2 2000 Popularization in the Higher Education and Optimal Educational Policies 99 113 EN Noriko Furumatsu 10.18926/OER/41468 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. No potential conflict of interest relevant to this article was reported.

岡山大学経済学会 Acta Medica Okayama 0386-3069 36 4 2005 The Optimal Subsidies to Higher Education, with Reference to Education and Research 127 138 EN Noriko Furumatsu Masatoshi Shirai 10.18926/OER/40540 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. No potential conflict of interest relevant to this article was reported.