On Thu, 21 Jun 2001, Brad DeLong wrote:
> Public subsidies to higher education students are a pie-growing
> policy--one that I believe in--but they are also a blow for a less
> egalitarian society.
I'm not quite sure I follow your reasoning here. If the average price of higher education is lowered by subsidies, then the percentage of people getting one should go up. Cet par, increasing the supply of such people should lower the income premium to education and thus diminish wage inequality. No?
Michael
__________________________________________________________________________ Michael Pollak................New York City..............mpollak at panix.com