The Effect of Education Subsidies in an Aging Economy

Megumi Mochida ()
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Megumi Mochida: Graduate School of Economics, Osaka University

No 05-30, Discussion Papers in Economics and Business from Osaka University, Graduate School of Economics

Abstract: We examine how an introduction of education subsidies affects growth rates, incorporating an uncertain lifetime. We demonstrate that the introduction of subsidies engenders higher growth rates in aging economies, except when the education-tax rate is sufficiently low.

Keywords: Education subsidies; Social security; Uncertain lifetime (search for similar items in EconPapers)
JEL-codes: H31 H52 H55 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2005-10
New Economics Papers: this item is included in nep-edu and nep-pbe
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