This chapter studies the interface in poor countries of population growth, rural poverty, and deterioration of the …

In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled … enhancing the quality of education. The necessary expenditures are optimally financed by regressive tuition fees and the net …

for both the public pay-as-you-go pension scheme and the public education system. Without labor mobility, each generation … a popular belief that increasing labor mobility decreases the incentives to finance the education of the subsequent … generation and can thus be used as a commitment device for low taxes. …

We examine economic growth, inequality and education when the wellspring of growth is the formation of human capital … established, including a poverty trap, wherein children work full-time and no human capital accumulation takes place, with … continuous growth at an asymptotically steady rate as an alternative. We show that a society can escape from the poverty trap …

may be self-enforcing also in a more general model where education is an alternative to work, and the disutility of child …