Human capital accumulation and endogenous public expenditures
Gerhard Glomm () and
Canadian Journal of Economics, 2001, vol. 34, issue 3, 807-826
In this paper, we present an overlapping-generations model, where individuals accumulate human capital through formal schooling. We model the role of the public sector in schooling as one of collecting taxes from households and providing inputs to the learning technology. Public expenditures on schools are determined endogenously. Under plausible restrictions, our model's predictions qualitatively match the observations on schooling, public expenditures on education, and student-teacher ratios.
JEL-codes: E13 E62 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (59) Track citations by RSS feed
Downloads: (external link)
https://links.jstor.org/sici?sici=0008-4085%282001 ... CAAEP%3E2.0.CO%3B2-I (text/html)
only available to JSTOR subscribers
Journal Article: Human capital accumulation and endogenous public expenditures (2001)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cje:issued:v:34:y:2001:i:3:p:807-826
Ordering information: This journal article can be ordered from
https://www.economic ... ionen/membership.php
Access Statistics for this article
Canadian Journal of Economics is currently edited by Katherine Cuff
More articles in Canadian Journal of Economics from Canadian Economics Association Canadian Economics Association Prof. Werrner Antweiler, Treasurer UBC Sauder School of Business 2053 Main Mall Vancouver, BC, V6T 1Z2. Contact information at EDIRC.
Bibliographic data for series maintained by Prof. Werner Antweiler ().