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 …

of education inequality measures across age groups allows us to assess the effect of inter-generational education … attainment trends on economic growth. Our results indicate that countries which are able to reduce the inequality of educational … attainment of young cohorts over time tend to have higher growth rates of income per capita. This effect is additional to that …

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 …