Tuition Subsidies in a Model of Economic Growth

Tuition Subsidies in a Model of Economic Growth
This paper examines a two-sector aggregative growth model with human capital and educated unemployment. In the model, a tuition subsidy may lead to a long-run decline in the educated fraction of the population, because it may decrease the long-run per capita stock of physical capital in the economy, tending to reduce the output of the education... READ MORE...

Publication date: September 1994
ISBN 9781451852332
$15.00

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