On some undesirable consequences of education and growth
AbstractThis paper exposes a simple endogenous growth model with human capital accumulation in which competition in the educational system can lead to fast output growth with a simultaneous decline in welfare along a balanced growth path. This illustrates the idea that satisfaction is not straightforwardly related to economic prosperity.
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Bibliographic InfoPaper provided by CEPREMAP in its series CEPREMAP Working Papers (Couverture Orange) with number 9915.
Length: 8 pages
Date of creation: 1999
Date of revision:
Other versions of this item:
- Pierre Cahuc & Fabien Postel-Vinay, 2000. "On Some Undesirable Consequences of Education and Growth," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 156(3), pages 445-, September.
- D62 - Microeconomics - - Welfare Economics - - - Externalities
- I20 - Health, Education, and Welfare - - Education - - - General
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
This paper has been announced in the following NEP Reports:
- NEP-ALL-1999-11-08 (All new papers)
- NEP-DEV-1999-11-08 (Development)
- NEP-DGE-1999-11-08 (Dynamic General Equilibrium)
- NEP-EDU-1999-11-08 (Education)
- NEP-LAB-1999-11-08 (Labour Economics)
You can help add them by filling out this form.
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