Premium
Does Education Expansion Increase Intergenerational Mobility?
Author(s) -
Zhong Hai
Publication year - 2013
Publication title -
economica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.532
H-Index - 65
eISSN - 1468-0335
pISSN - 0013-0427
DOI - 10.1111/ecca.12032
Subject(s) - human capital , economics , inefficiency , social mobility , education economics , labour economics , demographic economics , higher education , sociology , education policy , economic growth , social science , microeconomics
Education expansion may lead to ‘over‐education’, where the social connections of parents may exert more significant influence on the return to education of children. With the assumption of a positive correlation between return on human capital and parental income in the presence of over‐education, we show that: (i) the expansion of education may cause horizontal inequity in education opportunities and inefficiency in human capital accumulation; (ii) the positive correlation between return on human capital and parental income causes a more persistent intergenerational immobility; (iii) an expansion of education (especially higher education) leads to more persistent intergenerational immobility.