Vidal, Jean-Pierre; Bräuninger, Michael - In: Journal of Population Economics 13 (2000) 3, pp. 387-401
This paper examines interactions between education policy and growth. The analysis is carried out in an OLG model with … two types of individuals: skilled and unskilled. An increase in public education reduces private costs of education …, increases the proportion of skilled individuals, and tends to promote growth. On the other hand, education spending crowds out …