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dc.contributor.authorRichter, Wolfram F.en_US
dc.contributor.authorBraun, Christophen_US
dc.date.accessioned2010-03-23en_US
dc.date.accessioned2010-08-18T11:18:31Z-
dc.date.available2010-08-18T11:18:31Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/38941-
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.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper Public Finance 2982en_US
dc.subject.jelH21en_US
dc.subject.jelI28en_US
dc.subject.jelJ24en_US
dc.subject.ddc330en_US
dc.subject.keywordOLG mode len_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.subject.stwBildungsinvestitionen_US
dc.subject.stwBildungsverhaltenen_US
dc.subject.stwSparenen_US
dc.subject.stwEinkommensteueren_US
dc.subject.stwOptimale Besteuerungen_US
dc.subject.stwOverlapping Generationsen_US
dc.subject.stwNeue Wachstumstheorieen_US
dc.titleEfficient subsidization of human capital accumulation with overlapping generations and endogenous growthen_US
dc.typeWorking Paperen_US
dc.identifier.ppn62240797Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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