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Public education expenditures, taxation, and growth: Linking data to theory.

Allocating government education expenditures across K-12 and college education.

How different is the cyclical behavior of home production across countries?

Labor market trends with balanced growth.

A simple economic theory of skill accumulation and schooling decisions.

Public schooling, college subsidies and growth.

Public education expenditures and growth.

School finance litigation, tax and expenditure limitations, and education spending: an empirical analysis.

The interrelatedness of tax and expenditure limitations and education finance reform.

The welfare implications of factor taxation with rising wage inequality.

Can real world interest rates explain business cycles in small open economies?

A welfare analysis of policy responses to the skilled wage premium.

 

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Public schooling, college subsidies and growth.

Journal of Economic Dynamics and Control. March 2005, Vol 29, pp. 487-507.

Abstract: How does the mix of public expenditures across primary and secondary (K - 12) education and post-secondary (college) education influence economic growth? To address this, I build an overlapping generations endogenous growth model. Human capital is accumulated through compulsory K - 12 and through optional college education. Government uses tax revenue to provide quality in K - 12 schooling and to subsidize college tuition. When total expenditures are small, all funds should provide K - 12 quality. When expenditures are above a critical value, a positive share should subsidize tuition. The share should increase with total expenditures and with the degree of complementarity of human capital accumulated through the two types of education. Also, increased education spending is more likely to increase growth when a larger share subsidizes tuition.