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has been cited by the following article:

• TITLE: The Effects of Income Inequality on Education Policy and Economic Growth

  AUTHORS: Katsuyuki Naito, Keigo Nishida

  KEYWORDS: Income Inequality; Majority Voting; Human Capital Accumulation; Economic Growth

  JOURNAL NAME: Theoretical Economics Letters, Vol.2 No.1, February 23, 2012

  ABSTRACT: This paper presents a simple model to investigate the relationship among initial income inequality, education and eco- nomic growth. Public expenditure on education is determined through majority voting. Although preferences of individuals are not single-peaked, the individual with the median income becomes the decisive voter. Our model predicts that high initial inequality has a negative impact on education expenditure and therefore retards economic growth.