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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/38941
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Richter, Wolfram F. | | en_US |
| dc.contributor.author | | Braun, Christoph | | en_US |
| dc.date.accessioned | | 2010-03-23 | | en_US |
| dc.date.accessioned | | 2010-08-18T11:18:31Z | | - |
| dc.date.available | | 2010-08-18T11:18:31Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/38941 | | - |
| dc.description.abstract | | This 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.iso | | eng | | en_US |
| dc.publisher | | CESifo München | | en_US |
| dc.relation.ispartofseries | | CESifo working paper Public Finance 2982 | | en_US |
| dc.subject.jel | | H21 | | en_US |
| dc.subject.jel | | I28 | | en_US |
| dc.subject.jel | | J24 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | OLG mode l | | en_US |
| dc.subject.keyword | | endogenous growth | | en_US |
| dc.subject.keyword | | endogenous labour | | en_US |
| dc.subject.keyword | | education | | en_US |
| dc.subject.keyword | | and saving | | en_US |
| dc.subject.keyword | | intergenerational externalities | | en_US |
| dc.subject.keyword | | optimal taxation | | en_US |
| dc.subject.stw | | Bildungsinvestition | | en_US |
| dc.subject.stw | | Bildungsverhalten | | en_US |
| dc.subject.stw | | Sparen | | en_US |
| dc.subject.stw | | Einkommensteuer | | en_US |
| dc.subject.stw | | Optimale Besteuerung | | en_US |
| dc.subject.stw | | Overlapping Generations | | en_US |
| dc.subject.stw | | Neue Wachstumstheorie | | en_US |
| dc.title | | Efficient subsidization of human capital accumulation with overlapping generations and endogenous growth | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 62240797X | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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