Watanabe, Minoru; Yasuoka, Masaya - In: Economics Bulletin 29 (2009) 4, pp. 3075-3082
Based on Glomm and Ravikumar (1992), this paper described the relation between preferences for educational investment for children and income growth or income inequality. The result derived using the constant relative risk aversion (CRRA) utility function differs from that derived using the log...