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On some undesirable consequences of education and growth

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Author Info
Cahuc, Pierre
Postel-Vinay, Fabien

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Abstract

This 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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File URL: http://www.cepremap.cnrs.fr/couv_orange/co9915.pdf
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Publisher Info
Paper provided by CEPREMAP in its series CEPREMAP Working Papers (Couverture Orange) with number 9915.

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Length: 8 pages
Date of creation: 1999
Date of revision:
Handle: RePEc:cpm:cepmap:9915

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Web page: http://www.cepremap.cnrs.fr

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Find related papers by JEL classification:
D62 - Microeconomics - - Welfare Economics - - - Externalities
I20 - Health, Education, and Welfare - - Education - - - General

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This page was last updated on 2009-12-5.

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