elasticity of substitution between capital and labor. This is inconsistent with the Uzawa Growth Theorem. We extend Uzawa ….s theorem to show that introducing human capital accumulation in the standard way does not resolve the puzzle. However, balanced … growth is possible if education is endogenous and capital is more complementary with schooling than with raw labor. We …

transfers over this period is taken into account. We show that the increase in capital's share of total income and the presence … of capital-entrepreneurial skill complementarity are two key features that help support the wages of ordinary workers as … the new technology diffuses. -- income inequality ; skill-biased technological change ; capital-skill complementarity …

the main channel of human capital accumulation in small open economies (as cities). The model predicts that skills …

capital (investment network). For each network, we document a declining fraction of production by goods sectors and a rising …

shifting income away from the owners of capital to the workers and if the workers' marginal propensity to save exceeds the one …

parents' siblings and cousins, their spouses, and the spouses' siblings. Using various human capital measures, we show that …

with overlapping generations, taking into account endogenous human capital formation as well as government budget …

, which depends on human capital accumulation, may outweigh the impact of the demographic problem. This fact is true under … that while the FF system results in relatively higher rates of physical capital accumulation, then under some conditions … tax rates in all generations, and thereby to higher rates of human capital accumulation. -- Social security ; funding …