We develop an overlapping generations model to study how the interplay between social and human capital affects fertility. In a framework where families face a trade-off between the quantity and quality of children, we incorporate the assumption that social capital plays a key role in the...

This paper introduces the Geographic Macro and Regional (GMR) model for NUTS-2 regions of the Euro zone. This model consists of three blocks: the TFP, the SCGE and the MACRO blocks. The model is built for impact analysis of policies targeting intangible assets in the forms of R&D, human capital...

There is wide consensus that entrepreneurial talent is the ability to discover and exploit market opportunities by taking the relevant risky decisions. Discovery and exploitation are separate but interlinked features of entrepreneurship requiring, in different proportions, the exploitation of...

There is wide consensus that entrepreneurial talent lies in the ability to discover and exploit market opportunities by taking the relevant risky decisions. By determining the nature of the discovery and exploitation processes, institutions and technology play an essential role in shaping...

We use an endogenous growth model to contrast the socially optimal allocation of human capital with the decentralized solution, in a context where workers make the choices that determine social capital accumulation. As social capital is expected to increase productivity but is not traded in...

This paper presents an analysis of the interaction of human capital investment and the development of social and political institutions. We find that human capital mattersmdash;for growth through its quality dimension; for distributional conflict by raising political aspirations. But human...

While an extensive literature studies social capital outcomes, the evolution process of social capital remains largely ignored. This paper presents a dynamic model of lifetime decision making of the individual's social capital accumulation. Structural parameters of the model - estimated using...

Social capital is a broad term containing the social networks and norms that generate shared understandings, trust and reciprocity, which underpin cooperation and collective action for mutual benefits, and creates the base for economic prosperity. This study deals with the formation of social...

This paper makes use of the substantial information about the psychological and behavioural development of children by age ten in the 1970 Cohort to predict later, economic outcomes, namely qualifications, employment and earnings. It is found that this previously unobserved individual...

The objective of this paper is to integrate economic and sociological elements in a model of human capital accumulation by phenotypically distinct individuals. Both kinds of elements are influenced by the degree of categorization endogeneity (CE), meant as the influence of endogenous elements...