Arbeitspapier
Altruism, Education Subsidy and Growth
An optimal education subsidy formula is derived using an overlapping generations model with parental altruism. The model predicts that public education subsidy is greater in economies with lesser parental altruism because a benevolent government has to compensate for the shortfall in private education spending of less altruistic parents with a finite life. On the other hand, growth is higher in economies with greater parental altruism. Cross-country regressions using the World Values Survey for altruism lend support to our model predictions. The model provides insights about the reasons for higher education subsidy in richer countries.
- Sprache
-
Englisch
- Erschienen in
-
Series: EERI Research Paper Series ; No. 21/2010
Klassifikation
Wirtschaft
Thema
Altrusim
Education Subsidy
Human Capital
Growth
Education Subsidy
Human Capital
Growth
Ereignis
Geistige Schöpfung
(wer)
Armellini, Mauricio
Basu, Parantap
Basu, Parantap
Ereignis
Veröffentlichung
(wer)
Economics and Econometrics Research Institute (EERI)
(wo)
Brussels
(wann)
2010
- Handle
- Letzte Aktualisierung
-
12.07.2024, 13:21 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- Armellini, Mauricio
- Basu, Parantap
- Economics and Econometrics Research Institute (EERI)
Entstanden
- 2010
Ähnliche Objekte (12)
Parental altruism, missing credit markets and growth
Inequality in parental transfers, borrowing constraints and optimal higher education subsidies
Intergenerational transfers, demographic transition, and altruism: Problems in developing asia
The Transition to Tertiary Education and Parental Background over Time
Low Altruism, Austerity, and Aversion to Default: Are Countries Converging to the Natural Debt Limit?
Optimal Education with Mobile Capital. An OLG Approach
Education and pro-family altruistic discrimination against foreigners: Five-country comparisons
Intergenerational altruism and neoclassical growth models
Spending Natural Resource Revenues in an Altruistic Growth Model
Education policy and intergenerational transfers in equilibrium
Heterogeneous Agents, Human Capital Formation and International Income Inequality
Parental unemployment and the transition into tertiary education: Can institutions moderate the adverse effects?
Parental altruism, missing credit markets and growth
Inequality in parental transfers, borrowing constraints and optimal higher education subsidies
Intergenerational transfers, demographic transition, and altruism: Problems in developing asia
The Transition to Tertiary Education and Parental Background over Time
Low Altruism, Austerity, and Aversion to Default: Are Countries Converging to the Natural Debt Limit?
Optimal Education with Mobile Capital. An OLG Approach
Education and pro-family altruistic discrimination against foreigners: Five-country comparisons
Intergenerational altruism and neoclassical growth models
Spending Natural Resource Revenues in an Altruistic Growth Model
Education policy and intergenerational transfers in equilibrium
Heterogeneous Agents, Human Capital Formation and International Income Inequality
Parental unemployment and the transition into tertiary education: Can institutions moderate the adverse effects?
Parental altruism, missing credit markets and growth
Inequality in parental transfers, borrowing constraints and optimal higher education subsidies
Intergenerational transfers, demographic transition, and altruism: Problems in developing asia
The Transition to Tertiary Education and Parental Background over Time
Low Altruism, Austerity, and Aversion to Default: Are Countries Converging to the Natural Debt Limit?
Optimal Education with Mobile Capital. An OLG Approach
Education and pro-family altruistic discrimination against foreigners: Five-country comparisons
Intergenerational altruism and neoclassical growth models
Spending Natural Resource Revenues in an Altruistic Growth Model
Education policy and intergenerational transfers in equilibrium
Heterogeneous Agents, Human Capital Formation and International Income Inequality