Universitary Financing and Welfare: A Dynamic Analysis with Heterogeneous Agents and Overlapping Generations

Juan Sanchez

Macroeconomics from University Library of Munich, Germany

Abstract: This paper develops a model in which it is possible to evaluate alternatives of human capital financing. The alternative systems under discussion are: total feeing; graduates taxes and uniform taxes (this can be associated to the scheme presently used in the Argentina universitary system). Assessment of the alternatives is performed over welfare, based on the indicators of poverty, equality, equity (justice in the distribution) and the average levels of utility and wealth. Likewise, the functions of welfare presented by Bentham, Rawls, Atkinson, Sen and Kakwani are also considered. The most remarkable results are obtained through the simulation of an economy under three scenarios. In that way, the system of graduates taxation is found to be better for welfare; whereas the system of uniform taxation only can be justified as it maximises the number of students. In addition, an analysis of political economy in this model helps to understand why a system of uniform taxation can be sustainable on the time.

Keywords: Human Capital; Welfare; Overlapping Generation (search for similar items in EconPapers)
JEL-codes: E62 H1 I2 O15 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2004-02-01
New Economics Papers: this item is included in nep-dge, nep-edu and nep-pbe
Note: Type of Document - pdf; prepared on Win98; pages: 48; figures: 20
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/mac/papers/0402/0402001.pdf (application/pdf)

Related works:
Working Paper: Universitary Financing and Welfare: A Dynamic Analysis with Heterogeneous Agents and Overlapping Generations (2003)
Working Paper: Universitary Financing and Welfare: A Dynamic Analysis with Heterogeneous Agents and Overlapping Generations (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpma:0402001

Access Statistics for this paper

More papers in Macroeconomics from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ( this e-mail address is bad, please contact ).