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Generational Conflict, Human Capital Accumulation, and Economic Growth

Holtz-Eakin, Douglas; Lovely, Mary E.; Tosun, Mehmet Serkan - 2021

education. We use an overlapping-generations model to investigate the effect of this demographic transition on the endogenous … determination of public spending for education. A demographic transition alters the identity of the median voter, leading to a … preference for less education spending. If the public sector is inefficiently small, demographic transition exacerbates the …

Persistent link: https://www.econbiz.de/10013239347

Human Capital, Fertility, and Economic Growth

Becker, Gary S.; Murphy, Kevin M.; Tamura, Robert - 2021

human capital increases, until the stock becomes large. This arises because the education sector uses human capital note …

Persistent link: https://www.econbiz.de/10013230385

The Economics of Inefficient Technology Use

Beaudry, Paul - 2012

The adoption and diffusion of technological knowledge is generally regarded as a key element in a country's economic success. However, as is the case with most types of information, the transfer of technological knowledge is likely to be subject to adverse selection problems. In this paper we...

Persistent link: https://www.econbiz.de/10012755309

Understanding the Evolution of the U.S. Wage Distribution : A Theoretical Analysis

Guvenen, Fatih - 2007

fall in the education premium followed by a strong recovery, leading to a higher premium in the long run, (iii) the fact …

Persistent link: https://www.econbiz.de/10012776950

Technology and Skill : Twin Engines of Growth

Stokey, Nancy L. - 2018

A model is developed in which two complementary forms of investment contribute to growth—technology and skill acquisition, and growth takes two forms—TFP and variety growth. The rate of TFP growth depends more heavily on the parameters governing skill accumulation, while variety growth...

Persistent link: https://www.econbiz.de/10012919869

The Transfer of Human Capital

Jovanovic, Boyan; Nyarko, Yaw - 2021

Most of our productive knowledge was handed down to us by previous generations. The transfer of knowledge from the old to the young is therefore a cornerstone of productivity growth. We study this process in a model in which the old sell knowledge to the young - - old workers train the young,...

Persistent link: https://www.econbiz.de/10013213428

Inequality and Growth

Bénabou, Roland - 2021

Using two unifying models and an empirical exercise, this paper present and extends the main theories linking income distribution and growth, as well as the relevant empirical evidence. The first model integrates the political economy and imperfect capital markets theories. It allows for...

Persistent link: https://www.econbiz.de/10013223063