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The education dilemma: Growth versus equity

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This paper examines the role of education in growth using optimal control theory. It incorporates into the welfare (objective) function income inequality along with per-capita consumption, includes in the production function multi-skilled labour, time lags, and a modern and traditional sector, and explores the optimal allocation of investment in human and physical capital. Nations used to illustrate the model are the United States, the Netherlands, Mexico, and Nigeria.

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Authors and Affiliations

  1. Social and Cultural Planning Office, Government of the Netherlands, The Netherlands

    J. M. M. Ritzen

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  1. J. M. M. Ritzen
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Additional information

This paper presents a concise survey of some of the research, reported in Ritzen (1977). Helpful suggestions by Prof. J. Tinbergen are gratefully acknowledged.

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Ritzen, J.M.M. The education dilemma: Growth versus equity. De Economist 127, 399–421 (1979). https://doi.org/10.1007/BF02384154

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