The transition to market economies in an endogenous growth model with altruistic agents

Article Abstract:

Transition from traditional to market economy is more likely to result in lower fertility and faster economic growth. Under a market economy, fertility is reduced since parents have already the power to save for their old-age consumption. Such condition reduces the role of children in the attainment of old-age security. The fall in fertility increases not only the fraction of per family output invested in human capital of every child but also the ratio of physical capital per child to per family output.

Economics, Research and Development in the Social Sciences and Humanities, Research, Capitalism, Fertility

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Optimal public investments in education and endogenous growth

Article Abstract:

A comparison of the economic effects of subsidized private education and public education shows that the former has the advantage of both increased growth and social welfare. Likewise, it has no distributional effect. In fact, voters would generally prefer subsidized private education. However, a policy providing public education would be beneficial as an initial step when income inequality is great as the provision of such a social benefit reduces inequality.

Education and state, Education policy, Public schools

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Economic incentives and the demand for higher education

Article Abstract:

Time series analysis is applied to study the demands for university education in Sweden, as affected by economic incentives. Results show that developments in the labor market as well as the generosity of study allowances determine enrollment in higher education. An increase in the unemployment level or the limited availability of white-collar jobs increases higher education enrollment.

Administration of Urban Planning and Community and Rural Development, Economic Development NEC, Models, Sweden, Education, Higher, Higher education

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