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In this paper, we analyse the human capital accumulation process over the life cycle of individuals under the hypothesis of earnings uncertainty. To do so, we develop a continuous time dynamic programming model which takes into account several sources of uncertainty, concerning the human capital...
Persistent link: https://www.econbiz.de/10010618141
unemployment risk. We show that the global effect of uncertainty is negative, except if a sufficiently high risk premium exists. …
Persistent link: https://www.econbiz.de/10010899522
Este trabajo parte de la idea de que la reproducción del subdesarrollo brasileño se explica por la persistencia de un conjunto de elementos que operan como obstáculos de carácter estructural, a los que nos referimos con el nombre de límites estructurales al desarrollo económico....
Persistent link: https://www.econbiz.de/10010820787
Human Capital over the Life Cycle: A European Perspective identifies the problem of human capital creation as one of the fundamental issues in the development of knowledge-based economies.
Persistent link: https://www.econbiz.de/10008791611
This article presents a microeconometric analysis of the annual mileage travelled by French households with their personal cars, defining their automobility. To feature car use dependence, the rational addiction model of Becker et al. (1994) is applied on a panel dataset, drawn from the French...
Persistent link: https://www.econbiz.de/10009278319
consumption and purchasing. In addition, today's young consumers are facing a new risk related to technologies usages. In order to … consumers because almost adolescents revealed competency in some aspects of consumption such as: using Internet and blogs to … improve their consumption skills, comparison shopping, innovation by consumption and usage. However, teenagers could be …
Persistent link: https://www.econbiz.de/10008792462
What was the role of consumption structure evolution in the industrialization phases of the Western world since the 18 … consumption structure evolution and establish a plausible link between consumption structure evolutions and industrial revolutions … consumption habits evolution in the schumpeterian growth process. Finally, we show that consumption habits evolutions can be …
Persistent link: https://www.econbiz.de/10008793635
The principle of conditional convergence, in growth theory, fails to explain growth paths that are durably divergent among countries having similar structural characteristics (same rates of investment, of capitaldepreciation, of demographic growth, and similar access to technologies and...
Persistent link: https://www.econbiz.de/10008794221
effects on investment, consumption and net exports. This study focuses on econometric issues about the consumption function …. Post Keynesians generally fail to find a long-run relation between consumption, wages, profits and wealth. However, taking … relation between income distribution and consumption. The empirical analysis applies on U.S. quarterly data for the period 1960-2007. …
Persistent link: https://www.econbiz.de/10010635064
Earlier literature has investigated the drop in household consumption upon retirement of the head of the household, the … so-called "retirement consumption puzzle". Here, we expand on these studies by considering also retirement of the wife … approach to estimate the effect of each partner's retirement on household consumption. We use for the analysis data drawn from …
Persistent link: https://www.econbiz.de/10011025698