Education Choice, Endogenous Growth and Income Distribution

Endogenous Growth and the Public - Private Education Choice . ¤

An endogenous growth model of human capital accumulation with a private alternative to public education is studied. Public education is tax ...nanced and determined endogenously through a voting process. A tension between private consumers, who do not want to contribute to public education, and public consumers who want relatively large contributions is identi...ed. Public education consumers e...

Public Policies and Education, Economic Growth and Income Distribution

This paper provides an analysis relating economic growth, human capital composition, income distribution and public education policies. In the model human capital is 'lumpy' and only the high skilled carry it. The government chooses capital taxes to nance education, which directly a ects growth, the number of high skilled people and wages. Growth and income equality depend positively on the pro...

Interaction Of Income Distribution, Taxes And Economic Growth

Health , Education and Endogenous Growth

The purpose of the paper is to show that, from a growth perspective, government resources can be spent in two different ways. Resources can be allocated to uses which support growth, and to uses which generate growth. We take the provision of health services as an example of the first type of use, and the provision of educational services as an example of the second. This enables us to integrat...

Endogenous Growth and Cross-Country Income Differences

A multi-country Schumpeterian growth model is constructed. Because of technology transfer, all R&D-performing countries converge to parallel growth paths. All other countries stagnate. Any parameter change that would have raised a country’s growth rate in standard Schumpeterian theory will permanently raise its productivity and per-capita income relative to other countries and raise the world g...