Altruistic parents key to optimal education policy for future generations
The article explores how to design education policies for different types of people based on their productivity and altruism. It shows that subsidies for education should not be based on income redistribution but on factors like the impact of education on future generations and the desire for a better society. The study suggests that public education can be beneficial for both altruistic and non-altruistic individuals, depending on how it complements private educational investments.