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The role parents' education plays for the educational achievements of children is a source of unequal opportunities. Through this channel the number of educated affects the options of future cohorts, creating a social multiplier effect making improvements in education self-reinforcing. Policies to compensate for inequalities of opportunities—public education or transfers—have very different implications. Transfers not only reduce inequality on impact but also reduce social mobility, while public education—even if a perfect substitute to private education—works in the opposite direction. Social impediments to education are similar to a market imperfection, and publicly provided education may lead to a Pareto improvement. (JEL D3, I2, H2, H4).
Originalsprog | Engelsk |
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Tidsskrift | Economic Inquiry |
Vol/bind | 57 |
Nummer | 3 |
Sider (fra-til) | 1441-1459 |
Antal sider | 19 |
ISSN | 0095-2583 |
DOI | |
Status | Udgivet - jul. 2019 |
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