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
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Armellini, Mauricio
Basu, Parantap
- Ereignis
-
Veröffentlichung
- (wer)
-
Economics and Econometrics Research Institute (EERI)
- (wo)
-
Brussels
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Armellini, Mauricio
- Basu, Parantap
- Economics and Econometrics Research Institute (EERI)
Entstanden
- 2010
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