On the Optimality of Cultural Education and Cultural Subsidies
AbstractThe debate about whether culture should be subsidized or not is far from being recent, and though problems and approaches vary across countries, most governments are in favour of supporting the arts in one way or the other. The literature considers several arguments in favour of such subsidies. Education, however, may seem as an action which could, in the long run, lead to proosible reductions subsidies. We construct an overlapping generations model in which young consumers are exposed to both public education in culture and transmission of culture from their parents and show that the golden rule can be reached only if there is both public cultural education and subsidization of cultural consumption.
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Bibliographic InfoPaper provided by Universite Aix-Marseille III in its series G.R.E.Q.A.M. with number 99a48.
Length: 15 pages
Date of creation: 1999
Date of revision:
Contact details of provider:
Postal: G.R.E.Q.A.M., (GROUPE DE RECHERCHE EN ECONOMIE QUANTITATIVE D'AIX MARSEILLE), CENTRE DE VIEILLE CHARITE, 2 RUE DE LA CHARITE, 13002 MARSEILLE.
Web page: http://www.greqam.fr/
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CULTURE ; SUBSIDIES ; GENERATIONS ; EDUCATION;
Find related papers by JEL classification:
- Z1 - Other Special Topics - - Cultural Economics
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
- D9 - Microeconomics - - Intertemporal Choice
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