Croatia has to overcome the longer-term challenges of the COVID-19 crisis, demographic decline, the functional specialization trap, as well as the digital and automation lag. Here, we analyze the economic development problems, as well as the challenges, in comparison with the country’s peers...

Interactions between knowledge and health are studied in a three-period overlapping generations model with health persistence. Agents face a non-zero probability of death in adulthood. In addition to working, adults allocate time to child rearing. Growth dynamics depend in important ways on the...

We analyze the optimal life-cycle education decision of a single atomistic individual and show that the standard result of part-time education and part-time work throughout the life-cycle holds only under very special and unrealistic assumptions. Once these assumptions are relaxed, different...