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A Cost Benefit Analysis of Education Policies
Published in iimidr.ac.in
2017
Pages: 1 - 15
Abstract

This study, by developing a life-cycle model, seeks to mathematically compute the explicit costs of raising human-capital outcomes for different policy initiatives like income support, financial access, subsidised books, greater educational access and higher return on assets. The study explores two income categories, with different levels of financial access and human-capital investment options and examines a two-generation, seventy periods’ life-cycle problem of an altruistic parent valuing the human-capital of his offspring and facing competing challenges of his consumption needs during working life and retirement as well as his dependent child’s human capital and consumption requirements. The problem is solved using dynamic programming where life-cycle profiles are generated using simulations.

About the journal
JournalWORKING PAPER
Publisheriimidr.ac.in
Open AccessNo