Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/142583 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
EERI Research Paper Series No. 21/2010
Verlag: 
Economics and Econometrics Research Institute (EERI), Brussels
Zusammenfassung: 
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.
Schlagwörter: 
Altrusim
Education Subsidy
Human Capital
Growth
JEL: 
D9
Dokumentart: 
Working Paper

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