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On some undesirable consequences of education and growth

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  • Cahuc, Pierre
  • Postel-Vinay, Fabien

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.fr/depot/couv_orange/co9915.pdf
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Bibliographic 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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