scholarly journals Accounting for Cross-Country Differences in Intergenerational Earnings Persistence: The Impact of Taxation and Public Education Expenditure

Author(s):  
Hans Aasnes Holter

2021 ◽  
Vol 11 (2) ◽  
pp. 184-192
Author(s):  
Yao Liu ◽  
Ziru Tan ◽  
Xiaohua Ning

Public education expenditure is the largest public expenditure and the foundation of education development in China. This paper uses Cobb-Douglas production function model to analyze the relationship between public education expenditure and China's economic growth, and explores the impact of the proportion of public education expenditure in primary, secondary and tertiary education expenditure on economic growth. The results show that public education expenditure has a positive effect on economic growth, and that secondary education accounts for the largest contribution to economic growth, followed by higher education and primary education. The research results suggest that China should increase financial investment in education and optimize the expenditure structure of three-level education.





1994 ◽  
Vol 94 (122) ◽  
pp. 1 ◽  
Author(s):  
Joaquim Vieira Ferreira Levy ◽  
Benedict J. Clements ◽  
◽  


2021 ◽  
Vol 21 (11) ◽  
pp. 3439-3447
Author(s):  
Giuliano Di Baldassarre ◽  
Elena Mondino ◽  
Maria Rusca ◽  
Emanuele Del Giudice ◽  
Johanna Mård ◽  
...  

Abstract. The severe impact of global crises, such as COVID-19 and climate change, is plausibly reshaping the way in which people perceive risks. In this paper, we examine and compare how global crises and local disasters influence public perceptions of multiple hazards in Italy and Sweden. To this end, we integrate information about the occurrence of hazardous events with the results of two nationwide surveys. These included more than 4000 participants and were conducted in two different phases of the COVID-19 pandemic corresponding to low (August 2020) and high (November 2020) levels of infection rates. We found that, in both countries, people are more worried about risks related to experienced events. This is in line with the cognitive process known as the availability heuristic: individuals assess the risk associated with a given hazard based on how easily it comes to their mind. Epidemics, for example, are perceived as less likely and more impactful in Italy compared to Sweden. This outcome can be explained by cross-country differences in the impact of, as well as governmental responses to, COVID-19. Notwithstanding the ongoing pandemic, people in both Italy and Sweden are highly concerned about climate change, and they rank it as the most likely threat.



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