TY - JOUR
T1 - Human capital accumulation and endogenous public expenditures
AU - Glomm, Gerhard
AU - Ravikumar, B.
PY - 2001/1/1
Y1 - 2001/1/1
N2 - In this paper, we present an overlapping-generations model, where individuals accumulate human capital through formal schooling. We model the role of the public sector in schooling as one of collecting taxes from households and providing inputs to the learning technology. Public expenditures on schools are determined endogenously. Under plausible restrictions, our model's predictions qualitatively match the observations on schooling, pub-lic expenditures on education, and student-teacher ratios.
AB - In this paper, we present an overlapping-generations model, where individuals accumulate human capital through formal schooling. We model the role of the public sector in schooling as one of collecting taxes from households and providing inputs to the learning technology. Public expenditures on schools are determined endogenously. Under plausible restrictions, our model's predictions qualitatively match the observations on schooling, pub-lic expenditures on education, and student-teacher ratios.
UR - http://www.scopus.com/inward/record.url?scp=17644366487&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=17644366487&partnerID=8YFLogxK
U2 - 10.1111/0008-4085.00100
DO - 10.1111/0008-4085.00100
M3 - Article
AN - SCOPUS:17644366487
SN - 0008-4085
VL - 34
SP - 807
EP - 826
JO - Canadian Journal of Economics
JF - Canadian Journal of Economics
IS - 3
ER -