On Education, Debt and Growth

We examine an economy where human capital is the cause of growth. Individuals are altruistic and give their offspring education and bequests. We study the incidence of three education systems on the human capital of the offspring. We show that debt may be good for growth. We also show that the effects of debt depend on the education system and on the level of debt.

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Year of publication:	1998
Authors:	Sanchez Losada, F.
Institutions:	Departament d'Economia i Història Econòmica, Universitat Autònoma de Barcelona
Subject:	EDUCATION \| HUMAN CAPITAL \| ECONOMIC GROWTH \| DEBT

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Series:	UFAE and IAE Working Papers.
Type of publication:	Book / Working Paper
Notes:	11 pages
Classification:	J24 - Human Capital; Skills; Occupational Choice; Labor Productivity ; O40 - Economic Growth and Aggregate Productivity. General ; H63 - Debt; Debt Management
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005823981