Volume 12, Number 2 (Spring) 1977
Conlisk, John. 1977. "A Further Look at the Hansen-Weisbrod-Pechman Debate." Journal of Human Resources 12(2):147-163.
An intergenerational model of the income distribution, including educational effects, is presented. It is used to analyze issues in the debate over equity effects of subsidies for higher education. In particular, the analysis supports Pechman's view that conventional net benefit calculations are poor indicators of such equity effects.
The author is Professor of Economics, University of California, San Diego. Richard Attiyeh and two anonymous referees provided most helpful comments. This research was supported by NSF grant SOC74-15238.
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