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Under the condition that government's budget constraint binds, this paper studies the influence of public funding for education on the distribution inequality of human capital in an overlapping-generations model. When there are no tuition fees, the result shows that the distribution inequality of human capital is expanded by the increase of public funding for education. But when tuition fee is positive,...
Based on the model of Cobb-Douglas production function, this paper measures the contribution rate of human capital accumulation by education (Ce) and higher education (Ch) for the economic growth in three provinces of Northeast China during 1990-2005. The estimation value of Ce for Heilongjiang, Jilin and Liaoning is 11.80%, 10.26% and 10.12% respectively, and Ch is 1.40%, 1.25% and 1.55% respectively...
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