Record Details


Field	Value

Title	Income Disparity, Uneven Economic Opportunities, and Verifiability

Creator	Otaki, Masayuki

Description	The function of income in educational investment is considered under asymmetric information on individuals’ effort. High income strengthens deep commitment to investment, and hence facilitates access to the capital market. Low income individuals tend to be excluded for the same reason even though they have the same abilities as wealthy individuals. Thus, disparity of income produces uneven economic opportunities. Some income redistribution policy is necessary to cure this social inefficiency. The expenditure of transferred income should, however, be limited to educational investment to avoid wasteful consumption.Keywords: Educational Investment, Economics, Income Disparity

Publisher	Advances in Social Sciences Research Journal

Date	2014-02-03

Type	info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article

Format	application/pdf

Identifier	https://journals.scholarpublishing.org/index.php/ASSRJ/article/view/62 10.14738/assrj.11.62

Source	Advances in Social Sciences Research Journal; Vol 1 No 1 (2014): Advances in Social Sciences Research Journal; 43-49 10.14738/assrj.1%1

Language	eng

Relation	https://journals.scholarpublishing.org/index.php/ASSRJ/article/view/62/ASSRJ-14-0062

Since 2014