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We develop a general equilibrium overlapping generations model which is based on the view that education makes workers more productive by increasing their ability to learn from work experience, rather than providing skills that directly increase productivity. One important implication of the...
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We explore the relationship between government size and economic growth in an endogenous growth model with human capital and an unproductive capital which facilitates rent-seeking. With exogenous as well as endogenous time discounting, we find a non-monotonic relationship between the size of...
Persistent link: https://www.econbiz.de/10012120573
In this note, we use a technique analogous to Xie's method (1994) to solve analytically the Lucas model with externality in a specific parametric case. In particular, we characterize the shape of imbalance effects in this model. Our results are entirely consistent with the findings of the...
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; Arbeitszeitarrangements ; Einkommensschätzung ; Humankapital ; markt- und nicht-marktmäßige Zeitverwendung ; deutsche Zeitbudgeterhebung 2001 … Einkommenssituation damit verbunden sind, gehen wir über traditionelle Arbeitsmarktanalysen hinaus, die Arbeitszeit allein in aggregierte … Zeitverwendung, den Arbeitsbedingungen des Partners, Charakteristika des sozialen Netzwerkes, sowie haushaltsspezifische und …
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This paper accounts for China's economic growth since 1980 in a unified endogenous growth model in which a sequencing of physical capital accumulation, human capital accumulation and innovation drives the rise in China's aggregate income. The first stage is characterized by physical capital...
Persistent link: https://www.econbiz.de/10013104873
In recent years, there has been an astonishing proliferation of empirical work on child labor. An Econlit search of keywords “child lab*r” reveals a total of 6 peer reviewed journal articles between 1980 and 1990, 65 between 1990 and 2000, and 143 in the first five years of the present...
Persistent link: https://www.econbiz.de/10014024663
The paper considers a two-country model of overlapping generations economies with intergenerational transfers carried out in the form of bequest and investment in human capital. We examine in competitive equilibrium the optimal provision of education with and without capital markets integration....
Persistent link: https://www.econbiz.de/10009781565