Human capital plays an important role in the theory of economic growth, but it has been difficult to measure this …

productivity are interconnected. First we discuss two approaches in the human capital theory, stressing some difficulties that … the frequently obtained conclusion that investments in higher education are too low are doubtful. The tests also show the … importance of further education and training, especially on-the-job training. …

This paper develops a theory of endogenous growth cycles focusing on the interaction between consumers' desire to …

's education and making monetary transfers (or bequests). I show that increases in the growth rate of skill biased technological … change causes a shift in allocations away from bequests in favor of education- leading to a decline in domestic capital …

development across most of human history induced growth theorists to advance an alternative theory that captures in a single … between these distinct regimes. Unified growth theory reveals the underlying micro foundations that are consistent with the … growth process over the entire history of the human species, enhancing the confidence in the viability of the theory, its …

theorists to advance an alternative theory that captures in a single unified framework the epoch of Malthusian stagnation, the … modern era of sustained economic growth, and the recent transition between these distinct regimes. Unified growth theory … species, enhancing the confidence in the viability of the theory, its predictions and its policy implications for the growth …