On Education, Debt 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 debt may be good for growth. We also show that the effects of debt depend on the education system and on the level of debt.

Keywords: EDUCATION; HUMAN CAPITAL; ECONOMIC GROWTH; DEBT (search for similar items in EconPapers)
JEL-codes: J24 O40 H63 (search for similar items in EconPapers)
Date: 1998
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Persistent link: http://EconPapers.repec.org/RePEc:aub:autbar:409.98

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