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dc.contributor.authorBraun, Christophen_US
dc.contributor.authorRichter, Wolfram F.en_US
dc.date.accessioned2010-08-11T09:09:34Z-
dc.date.available2010-08-11T09:09:34Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/37186-
dc.description.abstractThis paper studies second best policies for education, saving, and labour in an OLG model in which endogenous growth results from human capital accumulation. Government expenditures have to be financed by linear instruments so that growth equilibria are inefficient. The inefficiency is exacerbated if selfish individuals externalize the positive effect of education on descendents' productivity. It is shown to be second best to subsidize education even relative to the first best if the elasticity of the human capital investment function is strictly increasing.en_US
dc.language.isoengen_US
dc.publisherVerein für Socialpolitik Frankfurt a. M.en_US
dc.relation.ispartofseriesBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Endogenous Growth C14-V1en_US
dc.subject.jelH21en_US
dc.subject.jelI28en_US
dc.subject.jelJ24en_US
dc.subject.ddc330en_US
dc.subject.keywordOLG modelen_US
dc.subject.keywordendogenous growthen_US
dc.subject.keywordendogenous labouren_US
dc.subject.keywordeducationen_US
dc.subject.keywordand savingen_US
dc.subject.keywordintergenerational externalitiesen_US
dc.subject.keywordoptimal taxationen_US
dc.titleEfficient Subsidization of Human Capital Accumulation with Overlapping Generations and Endogenous Growthen_US
dc.typeConference Paperen_US
dc.identifier.ppn654875898-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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