growth and dynamic efficiency, especially when credit markets for education loans are missing. We demonstrate conditions …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 …

This paper aims at studying the interaction between growth of real output and human capital accumulation when education … uncertainty about returns to investment in education in the absence of insurance markets. We do so in a general equilibrium OLG … impact on the long run growth rate of the economy. This framework allows us to conclude that investing less in education in …

We examine economic growth, inequality and education when the wellspring of growth is the formation of human capital … continuous growth at an asymptotically steady rate as an alternative. We show that a society can escape from the poverty trap … into a condition of continuous growth through a program of taxes and transfers. Temporary inequality is a necessary …

A simple classical-Marxian model of growth and distribution is developed in which education transforms low … education can have a positive effect on growth but by altering the distribution of income rather than by fostering technological …-skilled wages and profit income. We analyze the implications for class divisions, growth and distribution, of the transformation of …

growth and dynamic efficiency, especially when credit markets for education loans are missing. We demonstrate conditions …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 …

We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary …-reducing. Expansive education policies may foster growth and reduce earning inequalities between workers, but only by transferring income … recent stylized facts on growth, distribution and education for the US. …

A simple classical-Marxian model of growth and distribution is developed in which education transforms low … education can have a positive effect on growth but by altering the distribution of income rather than by fostering technological …-skilled wages and profit income. We analyze the implications for class divisions, growth and distribution, of the transformation of …

This paper examines how economic stratification affects inequality and growth over time. It studies economies where …-wide linkages (complementary skills, knowledge spillovers). It compares growth and welfare when families are stratified into … slower growth in the short run, but to higher output or even productivity growth in the long run. This trade-off occurs in …

This paper analyzes the effects of an unfunded pension system on economic growth using an extended overlapping …