Education, Social Security and Growth

Michael Kaganovich (mkaganov@iu.edu) and Itzhak Zilcha

Working Papers from Tel Aviv

Abstract: The desirability of Government intervention in the functioning of a competitive economy arises in cases where the attained competitive equilibria are inefficient or fail to achieve certain important social goals. In the twentieth century, we witnessed a worldwide phenomena of intervention by governments in the provision of education and social security. In most countries it is not only that a certain level of education is mandatory and is provided by the government but also the higher education is heavily subsidized.

Keywords: EDUCATION; SOCIAL SECURITY; ECONOMIC GROWTH; GOVERNMENT POLICY (search for similar items in EconPapers)
JEL-codes: H55 I2 O4 (search for similar items in EconPapers)
Pages: 38 pages
Date: 1997
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Journal Article: Education, social security, and growth (1999)
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