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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 … education subsidy in richer countries. …
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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 … education subsidy in richer countries …
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