Optimal education subsidy and taxes in an endogenous growth model with human capital

Marchand, Maurice;Michel, Philippe;Paddison, Oliver;Pestieau, Pierre
(2003)

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  • Marchand, Maurice
    Author
  • Michel, Philippe
    Author
  • Paddison, Oliver
    Author
  • Pestieau, PierreUCLouvain
    Author
Abstract
This paper considers a three-overlapping-generations model of endogeneous growth wherein human capital is the engine of growth. It first contrasts the laissez-faire and the optimality solutions. Then it discusses alternative sets of tax-transfer instruments that allow for decentralization of the social optimum.
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Marchand, M., Michel, P., Paddison, O., & Pestieau, P. (2003). Optimal education subsidy and taxes in an endogenous growth model with human capital (ECON Discussion Papers 2003/15). https://hdl.handle.net/2078.5/129019