The Influence of Income Distribution and Credit Constraints on Tertiary Education Enrollment: An Empirical Analysis Based on 146 Economies

Abstract

Abstract:

By intergrading the pension rate into theoretical framework and using the multinational data of 146 economies, we investigate the influence mechanism of income distribution, credit constraints on tertiary education enrollment theoretically and empirically. The fractional analysis by pension level indicates that the influence mechanism of income distribution, credit constraints on tertiary education enrollment is highly correlated with pension rate. The enlargement of income disparity has a negative impact on tertiary education enrollment, especially in the economies with higher pension rate; while the increase in credit supply has positive effect on tertiary education enrollment, particularly in the economies with lower pension rate. Therefore, in the economies with high pension rate, it is more important to promote tertiary education enrollment by narrowing the income disparity. However, in economies with lower pension rate, it is more effective to upgrade tertiary education enrollment by reducing credit constraints.

Key words: income distribution, credit constraints, pension rate, tertiary education enrollment, cross economies comparison

Li Jingrui. The Influence of Income Distribution and Credit Constraints on Tertiary Education Enrollment: An Empirical Analysis Based on 146 Economies[J]. , 2019, 31(6): 267-276.

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