On Education, Debt and Growth
AbstractWe examine an economy where human capital is the cause of growth. Individuals are altruistic and give their offspring education and bequests. We study the incidence of three education systems on the human capital of the offspring. We show that debt may be good for growth. We also show that the effects of debt depend on the education system and on the level of debt.
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Bibliographic InfoPaper provided by Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) in its series UFAE and IAE Working Papers with number 409.98.
Length: 11 pages
Date of creation: 1998
Date of revision:
EDUCATION ; HUMAN CAPITAL ; ECONOMIC GROWTH ; DEBT;
Find related papers by JEL classification:
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
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- Riera Prunera, Maria Carmen, 2000. "A Role For Deficit In Economic Growth," ERSA conference papers ersa00p335, European Regional Science Association.
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