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Research ArticleOpen accessPhrase in the titlePublicly Funded Education and Human Capital in the Presence of a Convex-Concave Education FunctionBinh Tran-Nam, Công Nghê TruongThis study investigates an aggregative optimal growth model in which short-lived individuals obtain their labour skill through education. The process of human capital formation is described by an increasing, convex-concave education function relating the success rate to the educational expenditure per student. The cost of education is publicly funded by an income tax imposed on adult workers. Despite the apparent … …American Journal of Applied Sciences, Vol. 2, Issue 13 · 7 Dec 2005 · 7,869 accessesView PDF Cite

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