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Human capital accumulation and endogenous public expenditures

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Author Info
Gerhard Glomm
B. Ravikumar

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Abstract

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.

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Publisher Info
Article provided by Canadian Economics Association in its journal Canadian Journal of Economics.

Volume (Year): 34 (2001)
Issue (Month): 3 (August)
Pages: 807-826
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Handle: RePEc:cje:issued:v:34:y:2001:i:3:p:807-826

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Keywords:

Find related papers by JEL classification:
E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Gerhard Glomm & B. Ravikumar, 1998. "Flat-Rate Taxes, Government Spending on Education, and Growth," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(1), pages 306-325, January. [Downloadable!] (restricted)
  2. Marie-Hélène Cloutier & John Cockburn & Bernard Decaluwé, 2008. "Education and Poverty in Vietnam: a Computable General Equilibrium Analysis," Cahiers de recherche 0804, CIRPEE. [Downloadable!]
  3. Diego Restuccia & Guillaume Vandenbroucke, 2008. "The Evolution of Education: A Macroeconomic Analysis," Working Papers tecipa-339, University of Toronto, Department of Economics. [Downloadable!]
  4. F. Heylen & A. Schollaert & G. Everaert & L. Pozzi, 2003. "Inflation and human capital formation : theory and panel data evidence," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 03/174, Ghent University, Faculty of Economics and Business Administration. [Downloadable!]
    Other versions:
  5. Panu Poutvaara, 2003. "On the Political Economy of Social Security and Public Education," Public Economics 0303001, EconWPA. [Downloadable!]
    Other versions:
  6. Xavier Pautrel, 2009. "Environmental policy, education and growth: A reappraisal when lifetime is finite," Working Papers hal-00423201_v1, HAL. [Downloadable!]
  7. William Blankenau & Steven Cassou & Beth Ingram, 2007. "Allocating Government Education Expenditures Across K-12 and College Education," Economic Theory, Springer, vol. 31(1), pages 85-112, April. [Downloadable!] (restricted)
  8. Kei Hosoya, 2003. "Tax financed government health expenditure and growth with capital deepening externality," Economics Bulletin, Economics Bulletin, vol. 5(14), pages 1-10. [Downloadable!]
  9. Leonid Azarnert, 2006. "Free Education: For Whom, Where and When?," DEGIT Conference Papers c011_024, DEGIT, Dynamics, Economic Growth, and International Trade. [Downloadable!]
  10. Nikos Benos, 2005. "Education Systems, Growth and Welfare," University of Cyprus Working Papers in Economics 5-2005, University of Cyprus Department of Economics. [Downloadable!]
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This page was last updated on 2009-10-28.

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