Musgravian externalities, formulated and illustrated by Musgrave in a 1966 paper on social goods are seen in this paper …

endogenize the demand and supply of skills. We explicitly introduce the costs and externalities in education, and examine how …

of education, inequality, and (natural) resources. We highlight two contrasting effects of education and human capital … accumulation. On the one side, education prompts economic growth and enriches the budget of the autocratic elite. On the other side …, education increases the "awareness" of citizens - capturing their reluctance to accept a dictatorship and their labor …

capital externalities, integration and the ensuing agglomeration of skilled labour can cause a decline in human capital and … the total wage sum (net of education costs). In particular, integration depresses the incentives for some talented but …

We investigate externalities in higher education enrollment over the course of development in a two-sector model. Each …. -- higher education ; enrollment ; externalities ; two-sector model … acquiring human capital. Both sectors exhibit productivity externalities in the size of the skill-specific labor and in the …

A pay-as-you-go pension scheme is associated with positive externalities of having children and providing them with … education, we discuss internalization policies associated with child benefits in the pension formula. The second-best scheme …

education and the density of teachers in the city. This seems to confirm that the 'quality' of local environments is very …

To better understand the quantitative implications of human capital externalities at the aggregate level, we estimate a … distributions. Using U.S. quarterly data from 1964-2017, we find significant positive externalities to aggregate human capital. Our … analysis further shows that eliminating this market failure leads to sizeable increases in education-time, endogenous growth …