We embed an N-level human-capital hierarchy in a growth model and demonstrate that the hierarchical structure generates an optimal investment program with phases of stock depletion and expansion in the stocks of the various levels of humancapital. We then take the implications of the model to...

This paper explores the nexus between youth-employment, youth-crime, and socialization in the context of the child labor debate in economics. The analysis draws upon both economics and sociology and suggests that neglect of the socializing benefits of youth (and perhaps child) employment in the...

Human capital accumulation has long been recognized as critical to economic growth and development. In recent years focus on the intra-household distribution of human capital has intensified both theoretically and empirically. However, connecting the theoretical and empirical literature has been...