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We consider the contribution of public education to growth through its role in building social capital—instilling common values and norms that lower economic transaction costs and reduce social tensions between different population groups. This is modeled in the context of a political economy...
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The dominant role played by the state in the financing, regulation, and provision of primary and secondary education reflects the widely-held belief that education is necessary for personal and societal well-being. The economic organization of education depends on political as well as market...
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This Paper proposes a theoretical framework that combines the role of education as a cultural melting pot with its function as an instrument of human capital accumulation. It highlights the important role of public education in promoting social cohesion: requiring minority parents to pay twice...
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We use an OLG model to examine democratic choice between two modes of government support for education: subsidies for privately purchased education and free uniform public provision. We find little conflict between democracy and growth: the same factors that generate popular support for...
Persistent link: https://www.econbiz.de/10005547289
Analysis of the contribution of education to growth through its role in promoting a common culture indicates that when different cultural groups separately determine the social content of their school curricula excessive polarization can result, with less than optimal growth. The optimal...
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