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Education, social security, and growth

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  • Kaganovich, Michael
  • Zilcha, Itzhak

Abstract

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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Suggested Citation

  • Kaganovich, Michael & Zilcha, Itzhak, 1999. "Education, social security, and growth," Journal of Public Economics, Elsevier, vol. 71(2), pages 289-309, February.
  • Handle: RePEc:eee:pubeco:v:71:y:1999:i:2:p:289-309
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    More about this item

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • I2 - Health, Education, and Welfare - - Education
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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