01612cas a2200241 a 4500 AALejournalIMF008666 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451852332 1018-5941 BD-DhAAL BD-DhAAL Gerson, Philip. Tuition Subsidies in a Model of Economic Growth / Philip Gerson. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines a two-sector aggregative growth model with human capital and educated unemployment. In the model, a tuition subsidy may lead to a long-run decline in the educated fraction of the population, because it may decrease the long-run per capita stock of physical capital in the economy, tending to reduce the output of the education sector and the incentives for workers to enroll in school. Thus, cuts in education subsidies undertaken by countries in Africa for adjustment reasons may actually lead to long-run increases in the educational attainment of their populations. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1994/100 Full text available on IMF http://elibrary.imf.org/view/journals/001/1994/100/001.1994.issue-100-en.xml IMF e-Library