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Education, social security, and growth

  • Kaganovich, Michael
  • Zilcha, Itzhak

The desirability of Government intervention in the functioning of a competitive economy arises in cases where the attained competitive equilibria are inefficient or fail to achieve certain important social goals. In the twentieth century, we witnessed a worldwide phenomena of intervention by governments in the provision of education and social security. In most countries it is not only that a certain level of education is mandatory and is provided by the government but also the higher education is heavily subsidized.

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Article provided by Elsevier in its journal Journal of Public Economics.

Volume (Year): 71 (1999)
Issue (Month): 2 (February)
Pages: 289-309

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Handle: RePEc:eee:pubeco:v:71:y:1999:i:2:p:289-309
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/505578

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