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On the Relationship Between Education and Growth

Author

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  • Sanchez Losada, F.

Abstract

We examine an economy where human capital is the cause of growth. Individuals are altruistic and give their offspring education and bequests. We study the incidence of three education systems on the human capital of the offspring. We show that the effects of an education subsidy on growth are different depending on the education system. We also examine the efficient subsidy if an externality exists. We show that an unfunded social security system may be good for growth.

Suggested Citation

  • Sanchez Losada, F., 1998. "On the Relationship Between Education and Growth," UFAE and IAE Working Papers 408.98, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  • Handle: RePEc:aub:autbar:408.98
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    Citations

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    Cited by:

    1. Aziz, Babar & Khan, Tasneem & Aziz, Shumaila, 2008. "Impact of Higher Education on Economic Growth of Pakistan," MPRA Paper 22912, University Library of Munich, Germany, revised 2008.
    2. Maria Carme Riera i Prunera, 2003. "Deficit, human capital and economic growth dynamics," Working Papers in Economics 102, Universitat de Barcelona. Espai de Recerca en Economia.

    More about this item

    Keywords

    EDUCATION ; HUMAN CAPITAL ; ECONOMIC GROWTH;
    All these keywords.

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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