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We examine economic growth, inequality and education when the wellspring of growth is the formation of human capital through a combination of the quality of child-rearing and formal schooling. The existence of multiple steady states is established, including a poverty trap, wherein children work...
Persistent link: https://www.econbiz.de/10011403095
We examine economic growth, inequality and education when the wellspring of growth is the formation of human capital through a combination of the quality of child-rearing and formal schooling. The existence of multiple steady states is established, including a poverty trap, wherein children work...
Persistent link: https://www.econbiz.de/10001627390
Persistent link: https://www.econbiz.de/10009505803
Persistent link: https://www.econbiz.de/10010416782
impact of vote-buying on growth. We consider a model with a poverty trap where redistribution can promote growth. We show …
Persistent link: https://www.econbiz.de/10003762209
Persistent link: https://www.econbiz.de/10010387998
-member households participating in labor and product markets. The most striking effects occur when household members differ in … "workaholic" member becomes more influential in each working class household can render the working class worse off. A binding …
Persistent link: https://www.econbiz.de/10013318691
This paper investigates how families make decisions about the education of juveniles. The decision problem is analyzed in three variations: a 'decentralized' scheme, in which the parents control the purse-strings, but the children dispose of their time as they see fit; a 'hierarchical' scheme,...
Persistent link: https://www.econbiz.de/10003985749
Persistent link: https://www.econbiz.de/10003857761
Persistent link: https://www.econbiz.de/10002863168