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 education spending of less altruistic parents with a finite life. On …

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 education spending of less altruistic parents with a finite life. On …

development regimes and it illustrates wider role of education in tackling possible development traps. -- growth ; human capital … ; education ; time discounting ; discount rate ; poverty …

development regimes and it illustrates wider role of education in tackling possible development traps. …

not only penalized in front of death, they are also penalized in the access to education. Epidemics are modeled as one … mainly rely on orphans: if orphans are more penalized in the access to a high level of education than in front of death, they …

Parental transfers towards the education of children are non-trivial, especially in countries, characterized by both … imperfect credit markets and high economic growth rates. In this paper, we analyze the role of parental altruism on economic … growth and dynamic efficiency, especially when credit markets for education loans are missing. We demonstrate conditions …