Showing 1 - 10 of 25
The worldwide problem with pay-as-you-go, defined-benefits social security systems isn't just financial. Through a dynamic, overlapping-generations model where forming a family and bearing and educating children are choice variables, we show that social security taxes and benefits generate...
Persistent link: https://www.econbiz.de/10005027322
This paper proposes an endogenous growth model where human capital is the engine of growth and can be transferred across countries via costly foreign education. Importing advanced knowledge by students abroad can improve a developing country¡¯s chance of catching up with a developed host...
Persistent link: https://www.econbiz.de/10005739747
implications concerning the dynamic behavior of inequalities in fertility, educational attainments, and three income inequality … measures -- family-income inequality, income-group inequality, and the Gini coefficient. In this context, we also reexamine the … “Kuznets hypothesis?concerning the relation between income growth and inequality. …
Persistent link: https://www.econbiz.de/10005739751
Workers who are educated abroad acquire human capital specific to the country of foreign study (for example, language capital and country-specific knowledge on firm organization and on social system) which makes them more productive than domestically educated workers when both types of workers...
Persistent link: https://www.econbiz.de/10005739765
This paper develops a dynamic model of the decisions regarding the quantity and quality of children, predicated on two premises: (1) the quality of children is uncertain when parents make a human capital investment decision, and (2) the quality distributions of two children of a woman are less...
Persistent link: https://www.econbiz.de/10008540844
Persistent link: https://www.econbiz.de/10000916149
Persistent link: https://www.econbiz.de/10001249377
Persistent link: https://www.econbiz.de/10002443027
The 19th century economist Thomas Robert Malthus hypothesized that the long-run supply of labor is completely elastic at a fixed wage-income evel because population growth tends to outstrip real output growth. Dynamic equilibrium with constant income and population is achieved through...
Persistent link: https://www.econbiz.de/10014053027
Census data from international sources covering 77 percent of the world's migrant population indicate that the skill composition of migrants in major destination countries, including the United States, has been rising over the last four decades. Moreover, the population share of skilled migrants...
Persistent link: https://www.econbiz.de/10012970081