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I develop a simple dynastic model in the style of Barro and Becker, with endogenous fertility and human capital … fertility is quantitatively important, heterogeneity in fertilities is sufficient to generate these results. This is because … welfare gains from more progressive subsidies are driven not only by decreases in fertility rates of low income individuals …
Persistent link: https://www.econbiz.de/10012921936
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This paper formulates and estimates an open-economy overlapping generation general-equilibrium model of endogenous heterogeneous human capital in the form of schooling and on-the-job training. Physical capital accumulation is also analyzed. We use the model to explain rising wage inequality in...
Persistent link: https://www.econbiz.de/10013232148
Persistent link: https://www.econbiz.de/10009660479
This paper formulates and estimates an open-economy overlapping generation general-equilibrium model of endogenous heterogeneous human capital in the form of schooling and on-the-job training. Physical capital accumulation is also analyzed. We use the model to explain rising wage inequality in...
Persistent link: https://www.econbiz.de/10012471930
Persistent link: https://www.econbiz.de/10014519794
To design an optimal education policy, it is essential to account for the fertility differential between the poor and … economy. It is very important to consider general equilibrium effects because the change in either fertility behavior or … fertility behavior, especially differential fertility substantially underestimates the role of credit constraints in the economy …
Persistent link: https://www.econbiz.de/10010241308
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form, where we consider endogenous fertility and growth generated by human capital accumulation. From the analysis, we … long run. If we consider a closed economy, the effect of child allowances on fertility is ambiguous and remains negative on …
Persistent link: https://www.econbiz.de/10012132048