Literaturnachweis - Detailanzeige
Autor/inn/en | Palivos, Theodore; Varvarigos, Dimitrios |
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Titel | Intergenerational complementarities in education and the relationship between growth and volatility. |
Quelle | Leicester: Univ. of Leicester, Dep. of Economics (2009), 23 S.; 286 KB
PDF als Volltext |
Reihe | Working paper / University of Leicester, Department of Economics. 09,08 |
Beigaben | grafische Darstellungen |
Sprache | englisch |
Dokumenttyp | online; Monographie; Graue Literatur |
Schlagwörter | Entscheidung; Steuerbelastung; Bildungsinvestition; Investition; Wirtschaftswachstum; Arbeitspapier |
Abstract | We construct an overlapping generations model in which parents vote on the tax rate that determines publicly provided education and offspring choose their effort in learning activities. The technology governing the accumulation of human capital allows these decisions to be strategic complements. In the presence of coordination failure, indeterminacy and, possibly, growth cycles emerge. In the absence of coordination failure, the economy moves along a uniquely determined balanced growth path. We argue that such structural differences can account for the negative correlation between volatility and growth. |
Erfasst von | ZBW - Leibniz-Informationszentrum Wirtschaft, Kiel |
Update | 2010/2 |