For researchers studying the economic development of nations, the availability of human capital data is crucial. Economists making efforts to examine the impact of human resources on economic development before the end of World War II often face massive problems. Methods of collecting data,...

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 government has to compensate for the shortfall in private...