Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75503
Authors: 
Viaene, Jean-Marie
Zilcha, Itzhak
Year of Publication: 
2000
Series/Report no.: 
CESifo Working Paper 289
Abstract: 
The paper considers a two-country model of overlapping generations economies with intergenerational transfers carried out in the form of bequest and investment in human capital. We examine in competitive equilibrium the optimal provision of education with and without capital markets integration. First, we explore how regimes of education provision - public, private or mixed - arise and how they affect the dynamics of autarkic economies. Second, we study the transitory and long-run effects of capital markets integration, in equilibrium, on the optimal provision of education and growth. Third, we examine a competition game where countries compete in the provision of public education.
Subjects: 
Altruism
education
growth
human capital
capital markets integration
JEL: 
D90
E20
F20
J20
Document Type: 
Working Paper

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