Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/38941 
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dc.contributor.authorRichter, Wolfram F.en
dc.contributor.authorBraun, Christophen
dc.date.accessioned2010-03-23-
dc.date.accessioned2010-08-18T11:18:31Z-
dc.date.available2010-08-18T11:18:31Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2982en
dc.subject.jelH21en
dc.subject.jelI28en
dc.subject.jelJ24en
dc.subject.ddc330en
dc.subject.keywordOLG mode len
dc.subject.keywordendogenous growthen
dc.subject.keywordendogenous labouren
dc.subject.keywordeducationen
dc.subject.keywordand savingen
dc.subject.keywordintergenerational externalitiesen
dc.subject.keywordoptimal taxationen
dc.subject.stwBildungsinvestitionen
dc.subject.stwBildungsverhaltenen
dc.subject.stwSparenen
dc.subject.stwEinkommensteueren
dc.subject.stwOptimale Besteuerungen
dc.subject.stwOverlapping Generationsen
dc.subject.stwNeue Wachstumstheorieen
dc.titleEfficient subsidization of human capital accumulation with overlapping generations and endogenous growth-
dc.typeWorking Paperen
dc.identifier.ppn62240797Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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