Böhm, Sebastian; Grossmann, Volker; Steger, Thomas M. - Institute for the Study of Labor (IZA) - 2014
income distribution that followed a massive expansion of higher education. We propose a dynamic general equilibrium model to … dynamically evaluate whether economic growth triggered by an increase in public education expenditure on behalf of those with high … redistributive transfers. In the longer run, however, low-skilled workers eventually benefit more from the education policy …