Growth with gender-differentiated human capital and family wealth accumulation based on the Uzawa-Lucas two-sector model

One of the most dramatic economic transformations in modern times has been the entry of women into the labor force. The purpose of this study is to address issues related to interactions among gender differences, economic growth and education with endogenous physical and human capital accumulation. Our model is a synthesis of the Solow model (Solow 1956) and the Uzawa-Lucas two-sector growth model (Uzawa 1965; Lucas 1988) with Zhang’s approach to household behavior (Zhang 1993). It adds gender issues to the traditional models. We examine behavior of the economy by simulation. We demonstrate the existence of equilibrium points and plot the motion of the dynamic system. We also examine the effects of changes on the time distributions and human capital of man and woman in the propensity to receive education, the efficiency of learning, the efficiency of education, and the propensity to save upon dynamic paths of the system.