Education in endogenous growth models.pdf

Education in endogenous growth models

Joao Manuel Lucas Dos Santos Medeiros

This PhD thesis consists of four papers, whose major aim is to analyse the role of education in an endogenous growth setting. The theoretical framework uses computable OLG models, where the behaviour of individuals is modelled within a lifecycle framework. Firstly, in order to build computable general equilibrium models that are reliable for policy analysis, it is necessary to reproduce all major stylised facts that characterise lifecycle profiles, notably : i) the marked decline in consumption around retirement age

providing public education are considered in an endogenous growth model with externalities. Subsidizing private education stimulates growth, improves welfare, and has no distributional effect. While reducing income inequality as in the literature, public education hinders the growth of the average income unless externalities are strong enough, and reduces the welfare of the median agent unless What do you understand by endogenous growth …

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Education in endogenous growth models.pdf


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