Optimal education subsidy and taxes in an endogenous growth model with human capital

Maurice MARCHAND, Philippe Michel, Oliver PADDISON and Pierre PESTIEAU

No 2003019, CORE Discussion Papers from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: This paper considers a three-overlapping-generations model of endogeneous growth wherein human capital is the engine of growth. It first contrasts the laissez-faire and the optimality solutions. Then it discusses alternative sets of tax-transfer instruments that allow for decentralization of the social optimum.

Keywords: endogenous growth; education policy; intergenerational transfers (search for similar items in EconPapers)
Date: 2003-02-01
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Persistent link: http://EconPapers.repec.org/RePEc:cor:louvco:2003019

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