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The Effect of Education Subsidies in an Aging Economy

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  • Megumi Mochida

    (Graduate School of Economics, Osaka University)

Abstract

We examine how an introduction of education subsidies affects growth rates, incorporating an uncertain lifetime. We demonstrate that the introduction of subsidies engenders higher growth rates in aging economies, except when the education-tax rate is sufficiently low.

Suggested Citation

  • Megumi Mochida, 2005. "The Effect of Education Subsidies in an Aging Economy," Discussion Papers in Economics and Business 05-30, Osaka University, Graduate School of Economics.
    • Handle: RePEc:osk:wpaper:0530
    as

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    File URL: http://www2.econ.osaka-u.ac.jp/library/global/dp/0530.pdf
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    References listed on IDEAS

    as
    1. Berthold U. Wigger, 2004. "Are Higher Education Subsidies Second Best?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 106(1), pages 65-82, March.
    2. Pecchenino, Rowena A. & Pollard, Patricia S., 2002. "Dependent children and aged parents: funding education and social security in an aging economy," Journal of Macroeconomics, Elsevier, vol. 24(2), pages 145-169, June.
    3. Kaganovich, Michael & Zilcha, Itzhak, 1999. "Education, social security, and growth," Journal of Public Economics, Elsevier, vol. 71(2), pages 289-309, February.
    4. Akira Yakita, 2001. "Uncertain lifetime, fertility and social security," Journal of Population Economics, Springer;European Society for Population Economics, vol. 14(4), pages 635-640.
    5. 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 818-834, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Education subsidies; Social security; Uncertain lifetime;
    All these keywords.

    JEL classification:

    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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