The Effect of Education Subsidies in an Aging Economy
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.
|Date of creation:||Oct 2005|
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- 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.
- Rowena A. Pecchenino & Patricia S. Pollard, 2000. "Dependent children and aged parents: funding education and social security in an aging economy," Working Papers 1995-001, Federal Reserve Bank of St. Louis.
- 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.
- Kaganovich, Michael & Zilcha, Itzhak, 1999.
"Education, social security, and growth,"
Journal of Public Economics,
Elsevier, vol. 71(2), pages 289-309, February.
- Berthold U. Wigger, 2004. "Are Higher Education Subsidies Second Best?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 106(1), pages 65-82, 03.
- 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.
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