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Inequality and the U.S. financial policies for higher education

来源:湖南大学经济与管理研究中心  日期:2017-11-01 人气:

  间:Nov.3, 2017 (Friday) 10:00 AM


  点:Room 213, Shuishang Teaching Building


  题:Inequality and the U.S. financial policies for higher education



主讲人: 刘骝 


 Assistant Professor of CEFMS



  要:


The exogenous shocks affect the skill premium directly by affecting the productivity and the demand for skilled and unskilled labor. Moreover, because the distribution of income affects future cohorts' supply of skilled and unskilled labor, such shocks can also affect the skill premium and the inequality in the long-run, through affecting the dynamics of the distribution of wealth. I examine the effects of the financial policies for higher education on the skill premium and the inequality. The model is parameterized to the U.S. as the benchmark economy, which has an egalitarian steady state. The model predicts that introducing free higher education only reduces the level of wealth of everyone in the steady state, but does not affect the inequality; secondly, reducing the interest rate of student loan could not affect the inequality.


 

报告人简介: 


Liu Liu joined the Center for Economics, Finance and Management Studies (CEFMS) at Hunan University in September, 2017 as an Assistant Professor in economics. He obtained his Ph.D. in economics at the University of Southampton in 2017. His research fields include Economic Growth Theory, Macroeconomics and Labor Economics. He is interested in the topics of technological change, skill premium, higher education and inequality. He teaches post-graduate level Macroeconomics, Mathematical Economics and Advanced Topics in Labor Economics.