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Jánossy elmélete az új növekedéselmélet tükrében
Tarján, Tamás - 2010
If Janossy's theory should concisely be drafted, one might say that he had been researching the "real carrier of … economic development" in a very original way and having formulated his theory in a specific language. He managed to identify … growth theory that have appeared in the nineties. The "real carrier of economic development" matches to the "human capital …
Persistent link: https://www.econbiz.de/10010494419
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Knowledge Codification and Endogenous Growth
Schneider, Maik T. - 2007
The usual models of endogenous growth treat knowledge codification as a byproduct of R&D and as costless. In contrast to this, one can observe great efforts of private firms for the purposeful codification of knowledge. We incorporate costly knowledge codification in an overlapping generations...
Persistent link: https://www.econbiz.de/10011753129
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Human Capital, Resource Constraints and Intergenerational Fairness
Valente, Simone - 2007
This paper studies an endogenous growth model with human capital, exhaustible resources, and overlapping generations. Under laissez-faire, higher study time reduces depletion rates by increasing the share of re- sources that present generations are willing to sell to successors. However, selfish...
Persistent link: https://www.econbiz.de/10011753132
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Tax policy and human capital formation with public investment in education
Valente, Simone - 2005
This paper studies the effects of distortionary taxes and public in- vestment in an endogenous growth OLG model with knowledge trans- mission. Fiscal policy affects growth in two respects: .rst, work time reacts to variations of prospective tax rates and modi.es knowledge formation; second,...
Persistent link: https://www.econbiz.de/10011753106
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Real Business Cycles with a Human Capital Investment Sector and Endogenous Growth: Persistence, Volatility and Labor Puzzles
Dang, Jing; Gillman, Max; Kejak, Michal - 2011
An identical two-sector productivity shock causes Rybczynski (1955) and Stolper and Samuelson (1941) effects that release leisure time and initially raise the relative price of human capital investment so as to favor it over goods production. Modified by having the household sector produce human...
Persistent link: https://www.econbiz.de/10010494483
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Human capital formation, asymmetric information, and the dynamics of international migration
Stark, Oded; Chau, Nancy H. - 1998
We consider the case in which the opening up of an economy to migration results in departure of skilled workers. We point out that while the possibility of migration changes the set of employment opportunities, it also affects the structure of incentives: Higher returns to skills in the foreign...
Persistent link: https://www.econbiz.de/10010291755
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On the impact of labor market matching on regional disparities
Tharakan, Joe; Tropeano, Jean-Philippe - 2002
We propose a model where imperfect matching between firms and workers on local labor markets leads to spatial agglomeration. We show that the occurrence of spatial agglomeration depends on initial size differences in terms of both number of workers and firms. We analyse the effect of different...
Persistent link: https://www.econbiz.de/10010293897
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A model of human capital, time discounting and economic growth
Bauer, Michal; Chytilová, Julie - 2008
Endogenous time discounting is introduced in a two-period human-capital-driven growth model: subjective discount rate depends upon the level of human capital. This assumption accords strongly with the micro-level evidence. In the model an individual optimizes consumption over two periods. Low...
Persistent link: https://www.econbiz.de/10010322280
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Human Capital and Retirement
Alders, Peter - 1999
This paper investigates the relation between human capital andretirement when the age of retirement is endogenous. This relation isexamined in a life-cycle earnings model. An employee works full timeuntil retirement. The worker accumulates human capital by training-on-the-job and by...
Persistent link: https://www.econbiz.de/10010324640
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Human Capital Formation, Income Inequality and Growth
Viaene, Jean-Marie; Zilcha, Itzhak - 2001
The paper studies the determinants of income distribution and growth in an overlapping generations economy withheterogenous households. Our framework has the following main features:heterogeneity of consumers with respect to wealth and parental human capital;intergenerational transfers,...
Persistent link: https://www.econbiz.de/10010324875