Record Details

Income Disparity, Uneven Economic Opportunities, and Verifiability

Advances in Social Sciences Research Journal

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Field Value
 
Title Income Disparity, Uneven Economic Opportunities, and Verifiability
 
Creator Otaki, Masayuki; University of Tokyo
 
Subject —
—
 
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
 
Contributor —
 
Date 2014-02-03
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.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 http://www.scholarpublishing.org/index.php/ASSRJ/article/view/62/ASSRJ-14-0062
 
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