This paper presents a simple model of the links between education, democratization and economic development. In a context of imperfect capital markets, we investigate the incentives for a capitalist oligarchy to subsidize the education of poor workers and to initiate a political transition.
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Publisher Info
Paper provided by DELTA (Ecole normale supérieure) in its series DELTA Working Papers with number
1999-20.
Length: 16 pages Date of creation: 1999 Date of revision: Publication status: Published in European Economic Review, vol. 44, no. 4-6, pp. 891-903. Handle: RePEc:del:abcdef:1999-20
Find related papers by JEL classification: F2 - International Economics - - International Factor Movements and International Business H1 - Public Economics - - Structure and Scope of Government I2 - Health, Education, and Welfare - - Education O1 - Economic Development, Technological Change, and Growth - - Economic Development
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