Angelopoulos, Konstantinos; Malley, James R.; … - In: CESifo economic studies : CESifo, a joint initiative of … 54 (2008) 3, pp. 471-498
This article studies the growth and welfare effects of public education spending in the USA for the post-war period. We … results suggest that while increases in public education spending raise growth, these increases are not necessarily welfare … promoting. Welfare gains however can be realized if increases in public education spending are accompanied by changes in the …