This article analyzes the effect of free public education on fertility, private educational investments and human capital accumulation at different stages of economic development. The model shows that when fertility is endogenous parental human capital levels are crucial for implications of free...

We construct an otherwise standard general equilibrium model of economic growth and endogenously chosen fiscal policy, in which individuals compete with each other for extra fiscal transfers and two political parties compete with each other for staying in power. The main prediction is that...