Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/339386 
Autor:innen: 
Erscheinungsjahr: 
2026
Schriftenreihe/Nr.: 
Helsinki GSE Discussion Papers No. 57
Verlag: 
Helsinki Graduate School of Economics, Helsinki
Zusammenfassung: 
This paper characterizes optimal education and population policies within a continuous-time overlapping generations (OLG) framework where fertility, schooling duration, and health expenditures are endogenous. In this model, mortality risk is driven by a negative congestion effect from population growth and a positive spillover effect from education duration. We demonstrate that when labor productivity is tied to schooling length, traditional fiscal instruments - such as taxes on newborns - are insufficient to achieve social efficiency. Instead, we propose a multi-faceted policy framework integrating public health provision, education grants, and a corrective poll tax, supported by government-backed student loans to mitigate liquidity constraints. Our analysis yields three optimality conditions. First, public health care must be expanded until its marginal product equals that of private health care. Second, the student grant must be proportional to the marginal rate of substitution between education and health care, but inversely proportional to the interest rate and cohort size. Third, the poll tax must cover public health costs while reflecting the marginal rate of transformation between congestion and private health care. These findings advocate for a strategic policy pivot: shifting from the Pigouvian management of population quantity toward fostering the quality and longevity of human capital.
Schlagwörter: 
overlapping generations
endogenous fertility
endogenous mortality
congestion externalities
human capital
public health expenditure
education subsidies
student loans
JEL: 
J13
I12
I22
H51
H52
D62
ISBN: 
978-952-7543-56-6
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
595.5 kB





Publikationen in EconStor sind urheberrechtlich geschützt.