On some undesirable consequences of education and growth

Pierre Cahuc and Fabien Postel-Vinay ()

CEPREMAP Working Papers (Couverture Orange) from CEPREMAP

Abstract: This paper exposes a simple endogenous growth model with human capital accumulation in which competition in the educational system can lead to fast output growth with a simultaneous decline in welfare along a balanced growth path. This illustrates the idea that satisfaction is not straightforwardly related to economic prosperity.

JEL-codes: D62 I20 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev, nep-dge, nep-edu and nep-lab
Date: Written

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Related works:
Journal Article: On Some Undesirable Consequences of Education and Growth (2000)
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Persistent link: http://EconPapers.repec.org/RePEc:cpm:cepmap:9915

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