On the Relationship Between Education and Growth

F. Sanchez Losada

UFAE and IAE Working Papers from Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC)

Abstract: We examine an economy where human capital is the cause of growth. Individuals are altruistic and give their offspring education and bequests. We study the incidence of three education systems on the human capital of the offspring. We show that the effects of an education subsidy on growth are different depending on the education system. We also examine the efficient subsidy if an externality exists. We show that an unfunded social security system may be good for growth.

Keywords: EDUCATION; HUMAN CAPITAL; ECONOMIC GROWTH (search for similar items in EconPapers)
JEL-codes: I21 J24 O40 (search for similar items in EconPapers)
Date: 1998

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Persistent link: http://EconPapers.repec.org/RePEc:aub:autbar:408.98

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