the rise in education investment in France and the USA. We use a computable general equilibrium model with overlapping … generations of individuals, and endogenous education decisions. Human capital is made of two substitutable components, experience …

This paper analyzes the interaction between intergenerational wealth transmission, human capital investments under … demonstrates how the role of the personal income distribution for an economy?s process of development through risky human capital … impact of higher inequality on the aggregate human capital stock, and thus, on growth may be positive. This result rests on …

their productivity. Productivity depends stochastically on parents' unobservable investment in their child's human capital … distribution of human capital and compare it to real world systems, which typically do not condition benefits on the wages of one …'s children. We decompose the effects of social security on the investment in human capital into an incentive effect, an insurance …

workers in employment. In my model, knowledge (in a broad sense) is an input into the production function of human capital … production of human capital. An improvement in IT is modelled as an increase in the number of people who can buy knowledge from … the preceding ladder. The return to human capital increases as one moves up the knowledge ladder. The economic mechanism …

We examine economic growth, inequality and education when the wellspring of growth is the formation of human capital … established, including a poverty trap, wherein children work full-time and no human capital accumulation takes place, with …

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

This paper studies second-best policies in an OLG model in which endogenous growth results from human capital … second best not to distort education if the human capital investment function is isoelastic. If the function is not …

theory predicts that most of the gender age difference at first marriage will persist even if the gender wage-gap disappears …