Public vs private schooling in an endogenous growth model
I present an overlapping generations model, with formal education as the engine of growth, close to Glomm and Ravikumar (1992). Contrary to Glomm and Ravikumar, I show that public schooling, when compared to a private system, may stimulate economic growth.
Volume (Year): 9 (2005)
Issue (Month): 10 ()
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- Oded Galor & Joseph Zeira, 2013.
"Income Distribution and Macroeconomics,"
2013-12, Brown University, Department of Economics.
- Zhang, Jie, 1996. " Optimal Public Investments in Education and Endogenous Growth," Scandinavian Journal of Economics, Wiley Blackwell, vol. 98(3), pages 387-404.
- Peter Gottschalk & Timothy M. Smeeding, 1997. "Cross-National Comparisons of Earnings and Income Inequality," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 633-687, June.
- Jean-Pierre Vidal & Michael Bräuninger, 2000.
"Private versus public financing of education and endogenous growth,"
Journal of Population Economics,
Springer;European Society for Population Economics, vol. 13(3), pages 387-401.
- Braeuninger, M. & Vidal, J.-P., 1999. "Private Versus Public Financing of Education and Endogenous Growth," G.R.E.Q.A.M. 99a11, Universite Aix-Marseille III.
- Glomm, Gerhard & Ravikumar, B, 1992. "Public versus Private Investment in Human Capital Endogenous Growth and Income Inequality," Journal of Political Economy, University of Chicago Press, vol. 100(4), pages 818-34, August.
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