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An optimal education subsidy formula is derived using an overlapping generations model with parental altruism. The … model predicts that public education subsidy is greater in economies with lesser parental altruism because a benevolent … the other hand, growth is higher in economies with greater parental altruism. Cross-country regressions using the World …
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altruism and human capital. This relationship depends on the interaction between the technology in the sector that produces …
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